Buying and selling platform Robinhood says prediction markets have emerged as one in all its fastest-growing product strains by way of income, and is now set to increase its enterprise with a futures and derivatives change and clearinghouse.
Since launching its prediction markets in March in partnership with prediction market platform Kalshi, 9 billion contracts have been traded by a couple of million customers, Robinhood stated in a press release 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 it’s also planning to develop its funding in prediction markets, with a futures and derivatives change 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 change will launch in 2026
The change may 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 will even purchase MIAXdx, a Commodity Futures Buying and selling Fee (CFTC) licensed derivatives clearing group and swap execution facility. Robinhood stated the derivatives change is predicted to start operations in 2026.
Prediction market curiosity surging
Prediction markets have grow to be one of many hottest crypto choices this yr, with volumes on platforms equivalent to 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 during the last 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 during the last 30 days.
Crypto exchanges additionally increasing into prediction markets
Crypto.com just lately began providing a prediction markets platform, which is about to be built-in with Trump Media.
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Crypto change Gemini can 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 grow to be a chosen 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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