Robinhood Expands into Futures and Derivatives with Prediction Markets Growth
- Robinhood’s prediction markets, launched in March, have seen over nine billion contracts traded by more than one million users.
- The platform plans to launch a futures and derivatives exchange in partnership with Susquehanna International Group by 2026.
- Kalshi, a regulated US prediction market platform, reported a trading volume of $4.47 billion in the last month.
- Polymarket, another prediction market, recorded $3.58 billion in trading volume during the same period.
- Crypto.com and Gemini are also entering the prediction market space with their own platforms.
The surge in interest for prediction markets indicates a growing demand for innovative financial products within the cryptocurrency sector, as major platforms expand their offerings to include these services.
With nine billion contracts traded on Robinhood’s prediction markets and significant volumes on competitors like Kalshi and Polymarket, this segment is rapidly gaining traction among users.(Source)
