Buying and selling platform Robinhood says prediction markets have emerged as one in all its fastest-growing product traces by way of income, and is now set to develop its enterprise with a futures and derivatives trade 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 stated in an announcement on Tuesday.
JB Mackenzie, the final supervisor of futures and worldwide at Robinhood, stated the platform is “seeing robust buyer demand for prediction markets, and we’re excited to construct on that momentum.”
Robinhood stated additionally it is planning to develop its funding in prediction markets, with a futures and derivatives trade and clearinghouse, to deepen its funding in prediction markets.
“Our funding in infrastructure will place us to ship a fair higher expertise and extra progressive merchandise for patrons,” Mackenzie added.
Robinhood derivatives trade will launch in 2026
The trade could have Robinhood because the controlling accomplice and market maker, Susquehanna Worldwide Group because the day-one liquidity supplier.
As a part of the enterprise, Robinhood may also purchase MIAXdx, a Commodity Futures Buying and selling Fee (CFTC) licensed derivatives clearing group and swap execution facility. Robinhood stated the derivatives trade is anticipated to start operations in 2026.
Prediction market curiosity surging
Prediction markets have change into one of many hottest crypto choices this 12 months, with volumes on platforms reminiscent of 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 line with DeFi knowledge aggregator DefiLlama.
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 not too long ago began providing a prediction markets platform, which is ready to be built-in with Trump Media.
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Crypto trade Gemini can also be planning to launch a prediction markets platform as a part of an initiative to create a “tremendous app,” and stated on Nov. 11 it filed to change 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 discovered web site knowledge indicating Coinbase was engaged on making a prediction markets platform.
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