How Prediction Markets Quietly Became Robinhood’s Most Explosive Revenue Stream
Ever wonder how many bets it takes to truly predict the future? Well, since Robinhood threw its hat into the prediction markets ring this March, over nine billion contracts have been traded by more than a million users. That’s not just a casual hobby—it’s a serious business booming faster than you can say “futures and derivatives.” And now, Robinhood’s gearing up to level up with a full-on futures and derivatives exchange, signaling that the prediction game is about to get a whole lot bigger and wilder. Curious how this savvy move will reshape the landscape of online trading and speculation? Dive into the unfolding story and see why everyone’s eyes are glued to these markets buzzing with activity. LEARN MORE.
Since Robinhood launched its prediction markets in March, nine billion contracts have been traded by more than one million users, according to the platform.
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Trading platform Robinhood says prediction markets have emerged as one of its fastest-growing product lines in terms of revenue, and is now set to expand its business with a futures and derivatives exchange and clearinghouse.
Since launching its prediction markets in March in partnership with prediction market platform Kalshi, nine billion contracts have been traded by more than one million users, Robinhood said in a statement on Tuesday.
JB Mackenzie, the general manager of futures and international at Robinhood, said the platform is “seeing strong customer demand for prediction markets, and we’re excited to build on that momentum.”
Robinhood said it is also planning to grow its investment in prediction markets, with a futures and derivatives exchange and clearinghouse, to deepen its investment in prediction markets.
“Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers,” Mackenzie added.
Robinhood derivatives exchange will launch in 2026
The exchange will have Robinhood as the controlling partner and market maker, Susquehanna International Group as the day-one liquidity provider.
As part of the venture, Robinhood will also acquire MIAXdx, a Commodity Futures Trading Commission (CFTC) licensed derivatives clearing organization and swap execution facility. Robinhood said the derivatives exchange is expected to begin operations in 2026.
Prediction market interest surging
Prediction markets have become one of the hottest crypto offerings this year, with volumes on platforms such as Kalshi and Polymarket holding firm amid increased mainstream media attention.
Kalshi is a regulated prediction market platform in the US that operates under the oversight of the CFTC and has a trading volume of $4.47 billion over the last 30 days, according to DeFi data aggregator DefiLlama.
In comparison, Polymarket, a US-based cryptocurrency-based prediction market, has recorded $3.58 billion in trading volume over the last 30 days.
Crypto exchanges also expanding into prediction markets
Crypto.com recently started offering a prediction markets platform, which is set to be integrated with Trump Media.
Related: Robinhood tokenizes nearly 500 US stocks, ETFs on Arbitrum for EU users
Crypto exchange Gemini is also planning to launch a prediction markets platform as part of an initiative to create a “super app,” and said on Nov. 11 it filed to become a designated contract market with the Commodity Futures Trading Commission to offer the platform.
Meanwhile, tech researcher Jane Manchun Wong, claimed on Nov.19 to have found website data indicating Coinbase was working on creating a prediction markets platform.
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