Buying and selling platform Robinhood says prediction markets have emerged as one in every of its fastest-growing product traces when it comes to income, and is now set to broaden 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 multiple million customers, Robinhood said in an announcement 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 additionally it is 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 an excellent higher expertise and extra progressive merchandise for purchasers,” Mackenzie added.
Robinhood derivatives change will launch in 2026
The change may have Robinhood because the controlling companion and market maker, Susquehanna Worldwide Group because the day-one liquidity supplier.
As a part of the enterprise, Robinhood can 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 anticipated to start operations in 2026.
Prediction market curiosity surging
Prediction markets have develop into one of many hottest crypto offerings this year, with volumes on platforms resembling 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 accordance with DeFi information aggregator DefiLlama.
As 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 are additionally increasing into prediction markets
Crypto.com not too long ago began providing a prediction markets platform, which is about to be built-in with Trump Media.
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Crypto change Gemini can also be planning to launch a prediction markets platform as a part of an initiative to create a “tremendous app,” and said on Nov. 11 it filed to develop into 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 found website data indicating Coinbase was engaged on making a prediction markets platform.
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