Robinhood’s prediction markets surge; 2026 derivatives exchange
Robinhood said its prediction markets have become one of the company’s fastest-growing revenue lines and it plans to expand the business by launching a futures and derivatives exchange and clearinghouse.
Since rolling out prediction markets in March in partnership with Kalshi, users have traded nine billion contracts across the platform, with participation from more than one million users, the firm said in a statement on Tuesday.
JB Mackenzie, general manager of futures and international at Robinhood, said the company is experiencing strong demand for prediction markets and will invest in infrastructure to support new products and an improved customer experience.
Robinhood derivatives exchange targeted for 2026
The planned exchange will have Robinhood as the controlling partner and market maker, with Susquehanna International Group providing day-one liquidity.
As part of the initiative, Robinhood will acquire MIAXdx, a derivatives clearing organization and swap execution facility licensed by the Commodity Futures Trading Commission (CFTC). The company expects the derivatives exchange to begin operations in 2026.
Interest in prediction markets rises
Prediction markets have gained traction this year, with activity on platforms such as Kalshi and Polymarket holding steady amid broader media attention. Kalshi, a regulated U.S. prediction market operating under CFTC oversight, recorded $4.47 billion in trading volume over the last 30 days, according to data from DeFiLlama. Polymarket, a U.S.-based crypto-focused prediction market, posted $3.58 billion in trading volume over the same period.
Crypto exchanges move into prediction markets
Crypto.com recently introduced a prediction market platform that is slated to integrate with Trump Media.
Gemini said on Nov. 11 that it filed with the CFTC to launch a prediction market as part of a broader “super app” strategy.
On Nov. 19, tech researcher Jane Manchun Wong said website data indicated Coinbase is developing a prediction markets platform.
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