Can Prediction Markets Really Replace Sports Betting in Africa?

Sports betting is already a major market across Africa, with industry estimates putting its value at around $3 billion in 2025. More than 440 million people reportedly bet across the continent, with Nigeria, South Africa, Kenya, Uganda, Tanzania, and Ghana among the leading markets. Football drives much of this activity, with 67% of bettors in six major African markets saying it is their main sport for betting. On the other hand, prediction markets are starting to gain attention globally. They’re entering an African market where sports betting is already deeply established.

Source: DeFi Planet