Trading platform Robinhood said prediction markets have emerged as one of its fastest-growing product lines in terms of revenue, and it is set to expand the business with a futures and derivatives exchange and clearinghouse.
Since launching its prediction markets in March in partnership with prediction market platform Kalshi, nine billion contracts have been traded by more than one million users, Robinhood said in a statement on Tuesday.
JB Mackenzie, general manager of futures and international at Robinhood, said the platform was “seeing strong customer demand for prediction markets, and we’re excited to build 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 position us to deliver an even better experience and more innovative products for customers,” Mackenzie added.
Robinhood derivatives exchange will launch in 2026
The exchange will have Robinhood as the controlling partner and market maker, and Susquehanna International Group as 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 facility. Robinhood said the derivatives exchange is expected to begin operations in 2026.
Prediction market interest surging
Prediction markets have become one of the hottest crypto offerings this year, with volumes on platforms such as Kalshi and Polymarket holding firm amid increased mainstream media attention.
Kalshi is a regulated prediction market platform in the US that operates under the oversight of the CFTC and has had a trading volume of $4.47 billion over the last 30 days, according to DeFi data aggregator DefiLlama.
In comparison, Polymarket, a US-based cryptocurrency-based prediction market, has recorded $3.58 billion in trading volume over the last 30 days.
Crypto exchanges also expanding into prediction markets
Crypto.com recently began offering a prediction market platform, which is set to be integrated with Trump Media.
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Crypto exchange Gemini is also planning to launch a prediction market platform as part of an initiative to create a “super app,” and said on Nov. 11 it had filed with the Commodity Futures Trading Commission to offer the platform.
Tech researcher Jane Manchun Wong said on Nov.19 that website data indicated Coinbase was also working on creating a prediction markets platform.
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