Robinhood said its prediction markets have become one of its fastest-growing revenue streams and plans to expand the business with a futures and derivatives exchange and clearinghouse.
Since the March launch with prediction market platform Kalshi, users have traded nine billion contracts across more than one million accounts, the company said in a Tuesday statement.
JB Mackenzie, general manager of futures and international at Robinhood, said the firm is experiencing strong demand for prediction markets and intends to build on the trend.
Robinhood plans to deepen its investment through a new futures and derivatives exchange and clearinghouse. Mackenzie said infrastructure upgrades aim to improve customer experience and support additional product innovation.
Robinhood plans derivatives exchange launch in 2026
Robinhood will be the controlling partner and market maker for the exchange, with Susquehanna International Group serving as the day-one liquidity provider.
The company also plans to acquire MIAXdx, a Commodity Futures Trading Commission-licensed derivatives clearing organization and swap execution facility.
Robinhood said the derivatives exchange is expected to begin operations in 2026.
Prediction market activity rising
Prediction markets have gained traction this year, with volumes on platforms such as Kalshi and Polymarket holding steady amid broader media coverage.
Kalshi, a U.S.-regulated platform overseen by the CFTC, recorded $4.47 billion in trading volume over the last 30 days, according to DefiLlama.
Polymarket, a U.S.-based crypto-native prediction market, reported $3.58 billion in trading volume in the same period.
Crypto exchanges expand into prediction markets
Crypto.com recently launched a prediction markets offering, which is set to be integrated with Trump Media.
Gemini plans to add prediction markets within a “super app,” and said on Nov. 11 it filed with the CFTC to become a designated contract market.
On Nov. 19, tech researcher Jane Manchun Wong said website data indicated Coinbase was developing a prediction markets platform.
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