Trading platform Robinhood said prediction markets have become one of its fastest-growing product lines in terms of revenue and it intends to expand into a futures and derivatives exchange and clearing house.
Since launching prediction markets in March in partnership with prediction market platform Kalshi, more than one million users have traded nine billion contracts, says Robinhood he said in a statement on Tuesday.
J.B. Mackenzie, general manager of futures and international trading at Robinhood, said the platform is “seeing strong customer demand for prediction markets, and we’re excited to capitalize on that momentum.”
Robinhood said it plans to deepen its investment in prediction markets with a futures and derivatives exchange and clearinghouse.
“Our investment in infrastructure will enable us to provide customers with even better experiences and more innovative products,” added Mackenzie.
The Robinhood derivatives exchange will launch in 2026
On the exchange, Robinhood will be the controlling partner and market maker, and Susquehanna International Group will be 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 platform. Robinhood said the derivatives exchange is expected to launch in 2026.
Forecasts of increased interest in the market
Prediction markets have become one of the hottest cryptocurrency offerings this year, with volumes on platforms such as Kalshi and Polymarket holding amid increased mainstream media interest.
According to DeFi data aggregator DefiLlama, Kalshi is a regulated prediction market platform in the US that operates under the supervision of the CFTC and has had a trading volume of $4.47 billion in the last 30 days.
By comparison, Polymarket, an American cryptocurrency-based prediction marketplace, does recorded $3.58 billion in trading volume over the last 30 days.
Cryptocurrency exchanges are also expanding into prediction markets
Crypto.com recently began offering a prediction market platform to be integrated with Trump Media.
Related: Robinhood tokenizes nearly 500 US stocks, ETFs on Arbitrum for EU users
Cryptocurrency exchange Gemini also plans to launch a prediction market platform as part of an initiative to create a “super app” and said it had submitted an application to the Commodity Futures Trading Commission on November 11 to offer the platform.
Technology researcher Jane Manchun Wong said on November 19 that data from the website indicates that Coinbase is also working on creating a prediction markets platform.
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