TLDR
- Robinhood has seen over nine billion contracts traded in its prediction markets since March.
- More than one million users have participated in Robinhood’s prediction market offerings.
- Robinhood plans to launch a regulated futures and derivatives exchange by 2026.
- The company has acquired MIAXdx, a CFTC-regulated exchange and clearinghouse.
- Robinhood’s new exchange will feature Susquehanna International Group as the initial liquidity provider.
- Robinhood’s expansion comes as competitors like Kalshi and Polymarket report record trading volumes.
Robinhood has rapidly expanded its presence in prediction markets, with over nine billion contracts traded on its platform. The trading app reported strong growth and plans to establish a regulated futures and derivatives exchange in 2026. This expansion comes as Robinhood seeks to capture a larger share of the growing market for event-based contracts.
Robinhood Expands Amid Growing Market Demand
Robinhood launched its prediction market contracts in March and has seen over one million users engage with the platform. The surge in activity has been driven by strong customer demand, according to JB Mackenzie, Robinhood’s general manager for futures and international. He noted,
“Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”
As other platforms, such as Kalshi and Polymarket, also report record trading volumes, Robinhood looks to continue expanding. Kalshi, in partnership with Robinhood, reported $4.47 billion in trading over the past month. Polymarket also posted $3.58 billion during the same period, highlighting the growing trend of retail investors using prediction markets for speculation.
Plans for a Futures and Derivatives Exchange
In response to the increasing demand, Robinhood announced plans to launch a new futures and derivatives exchange by 2026. The exchange will be controlled by Robinhood, which will also act as the leading market maker. Robinhood’s expansion into this space follows its planned acquisition of MIAXdx, a licensed exchange and clearinghouse regulated by the Commodity Futures Trading Commission (CFTC).
Robinhood’s joint venture with MIAX will aim to serve commission-merchant platforms by providing broader access to market contracts. This move is expected to increase competition in the growing sector and provide consumers with more choices. The new exchange will also work with Susquehanna International Group as the initial liquidity provider.
Competition from Crypto and Fintech Rivals
Robinhood’s expansion into derivatives comes as its competitors also look to capitalize on the growing market. Crypto.com recently launched its prediction market, and Gemini has filed for regulatory approval to open a similar platform. Reports also indicate that Coinbase is considering a similar move into the prediction market space.
As demand for event contracts increases, platforms like Robinhood are positioning themselves to capitalize on the expanding market. In 2025, prediction markets have become one of the busiest areas of digital trading, fueled by events such as elections and new regulatory developments.
The growing interest in prediction markets is not limited to traditional financial topics. Contracts now cover a wide range of events, including pop culture releases and collectible markets. For example, users can speculate on product launches, such as holiday sneaker releases and the value of specific collectible items.
Robinhood’s expanded offerings show the increasing diversification of event contracts, which now attract both retail and institutional interest. This shift indicates a broader appeal for prediction markets, moving beyond financial speculation to more varied and accessible markets.
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