Buying and selling platform Robinhood says prediction markets have emerged as one among its fastest-growing product strains by way of income, and is now set to broaden its enterprise with a futures and derivatives alternate and clearinghouse.
Since launching its prediction markets in March in partnership with prediction market platform Kalshi, 9 billion contracts have been traded by multiple million customers, Robinhood said in a press release on Tuesday.
JB Mackenzie, the final supervisor of futures and worldwide at Robinhood, mentioned the platform is “seeing sturdy buyer demand for prediction markets, and we’re excited to construct on that momentum.”
Robinhood mentioned it is usually planning to develop its funding in prediction markets, with a futures and derivatives alternate and clearinghouse, to deepen its funding in prediction markets.
“Our funding in infrastructure will place us to ship a good higher expertise and extra progressive merchandise for patrons,” Mackenzie added.
Robinhood derivatives alternate will launch in 2026
The alternate could have Robinhood because the controlling associate and market maker, Susquehanna Worldwide Group because the day-one liquidity supplier.
As a part of the enterprise, Robinhood will even purchase MIAXdx, a Commodity Futures Buying and selling Fee (CFTC) licensed derivatives clearing group and swap execution facility. Robinhood mentioned the derivatives alternate is predicted to start operations in 2026.
Prediction market curiosity surging
Prediction markets have turn into one of many hottest crypto offerings this year, with volumes on platforms akin to Kalshi and Polymarket holding agency amid elevated mainstream media consideration.
Kalshi is a regulated prediction market platform within the US that operates beneath the oversight of the CFTC and has a buying and selling quantity of $4.47 billion over the past 30 days, in response to DeFi knowledge aggregator DefiLlama.
As compared, Polymarket, a US-based cryptocurrency-based prediction market, has recorded $3.58 billion in buying and selling quantity over the past 30 days.
Crypto exchanges additionally increasing into prediction markets
Crypto.com just lately began providing a prediction markets platform, which is about to be built-in with Trump Media.
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Crypto alternate Gemini can also be planning to launch a prediction markets platform as a part of an initiative to create a “tremendous app,” and said on Nov. 11 it filed to turn into a delegated contract market with the Commodity Futures Buying and selling Fee to supply the platform.
In the meantime, tech researcher Jane Manchun Wong, claimed on Nov.19 to have found website data indicating Coinbase was engaged on making a prediction markets platform.
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