With plans to launch over 100 new event contracts in the coming weeks, including those in politics and sports, Robinhood Markets (NASDAQ: HOOD) is growing its already sizable prediction markets.
The trading firm unveiled about 20 yes/no contracts with political connections last Friday. These include wagers on President Trump's potential meeting partners this year, the creation of a national Bitcoin reserve, semiconductor tariffs, Trump pardons, and the resignation of Federal Reserve Chairman Jerome Powell, among other things.
Robinhood added roughly 15 political event contracts on Wednesday, ahead of the highly anticipated mayoral election in New York City and the governor races in Virginia and New Jersey. Through a collaboration with Kalshi, Robinhood has a well-established presence in prediction markets.
"Event contacts are offered by Robinhood Derivatives through either Kalshi or ForecastEx. When determining the exchange we work with, we look at a number of factors to determine the best fit for customers including liquidity and the types of contracts offered,” a representative told Casino.org.
The economics of event contracts exchanged on Robinhood's platform are equally divided between Kalshi and the latter.
The financial services company is expanding into sports derivatives despite a number of state-level legal disputes that have targeted Kalshi for providing what many consider to be sports betting, some of which have caught Robinhood.
Game 1 of the World Series is this Friday, and the 2025–26 NBA season began on Tuesday. Robinhood is therefore prepared for what may be another spike in the volume of sports prediction markets. World Series contracts and a number of NBA-related derivatives, such as individual games, conference and league champions, accolades, and victory totals, were unveiled by the business this week.
Over the upcoming weeks and months, Robinhood intends to launch "100+ new contracts across sports, politics, economics, business, culture, and more." However, the site's spokesperson did not specify the proportion of the new event contracts that will be related to sports.
The calendar supports any prediction market operator expanding sports menus, so it's probable that a lot will be. In addition to the NFL season, college basketball begins in a few weeks, college football's bowl season begins in December, and the NBA is heating up.
It's important to keep in mind that Robinhood is crucial in the event that Kalshi's valuation doubles in less than three weeks, as reported.
With one week remaining in September, prediction markets on Robinhood have handled $2.6 billion in month-to-date volume, according to Piper Sandler analyst Patrick Moley last month. According to him, Robinhood makes up between 25% and 35% of Kalshi's daily revenue.
California-based Robinhood has stated that it may consider acquisitions to strengthen its position in the sector and has indicated interest in starting prediction markets for customers outside of the US. To that end, it could also make use of internal resources.
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