Ronin Stock Rises 6% Amid Prediction Market Growth

Ronin's stock price surged by 6% to $109.90 on August 25, as investors took note of developments in prediction markets and the rebound of cryptocurrencies.

The move followed a larger advance the previous Friday, when Ronin shares rose more than 13%, trading at $107.73 at 11:51 a.m. ET, up 13.28% from the prior close of $95.10.

The Wall Street research note from Bernstein projected approximately $240 billion in annual industry trading volume for prediction markets by 2026 and potential annual trading volume of $1 trillion by 2030, with estimated industry revenue of about $10.8 billion that year.