Robinhood’s Prediction Market Outpaces Rivals With 9 Billion Contracts and 1 Million Users

Robinhood is expanding deeper into the world of prediction markets and derivatives, with the trading app reporting rapid user uptake in its new contracts and announcing plans to operate a regulated futures and derivatives exchange.

Prediction Market Volumes on Robinhood Hit Milestones

Since unveiling prediction market contracts in March, the publicly listed (NASDAQ: HOOD) retail trading platform says more than nine billion contracts have changed hands, with over one million users taking part on its platform. JB Mackenzie

JB Mackenzie, Robinhood’s general manager of futures and international, credited “strong customer demand” and signaled plans to grow the offering into a broader financial marketplace.

“Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”

The prediction market surge comes at a time when similar platforms like Kalshi and Polymarket are reporting record trading volumes. Kalshi, which also partners with Robinhood, logged about $4.47 billion in trading over the past month, while Polymarket reported $3.58 billion for the same period, as retail investors increasingly use these venues to speculate on real-world events.

Derivatives Exchange to Launch In 2026

Looking to capitalize on this trend, Robinhood will roll out a new futures and derivatives exchange in 2026, becoming the controlling owner and leading market maker. The launch will follow Robinhood’s planned acquisition of MIAXdx, a licensed exchange and clearinghouse regulated by the Commodity Futures Trading Commission (CFTC), and brings in Susquehanna International Group as the initial liquidity provider.

MIAX, the parent company of MIAXdx, is expected to retain a minority stake in the new venture. Robinhood will use the independent joint venture to serve other commission merchant platforms, aiming to “add more choices for consumers” and provide faster, broader access to market contracts.

Industry Race to Capture Prediction Market Growth

Robinhood’s move comes as crypto and fintech competitors expand in the space. Crypto.com recently launched its prediction market, with integration plans involving Trump Media, while Gemini has filed for regulatory approval to open its own event contract marketplace. Public reports also suggest Coinbase is eyeing a similar entry.

Industry analysts note that prediction markets, historically a niche, have emerged as one of 2025’s busiest corners of digital trading. The flourishing activity is driven by election-year speculation, new regulatory clarity, and demand for tradable event contracts, which bridge retail and institutional interest in non-traditional risk markets.

New betting options, however, have less and less to do with investing. Now contracts cover everything from holiday sneaker releases and Supreme apparel to Pokémon card collections and Pop Mart Labubu figurines.