Trading platform Robinhood has announced that prediction markets have emerged as one of its fastest-growing product lines in terms of revenue. Building on this success, the company is set to expand its business by launching a futures and derivatives exchange and clearinghouse.
Since launching its prediction markets in March, in partnership with prediction market platform Kalshi, Robinhood has seen nine billion contracts traded by more than one million users, the company stated on Tuesday.
JB Mackenzie, the general manager of futures and international at Robinhood, expressed enthusiasm for the platform's growth in this area, noting, "We’re seeing strong customer demand for prediction markets, and we’re excited to build on that momentum." Robinhood plans to further invest in prediction markets by developing a futures and derivatives exchange and clearinghouse.
Mackenzie added, "Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers."
Robinhood Derivatives Exchange to Launch in 2026
The planned derivatives exchange will feature Robinhood as the controlling partner and market maker, with Susquehanna International Group serving as the day-one liquidity provider.
As part of this venture, Robinhood will acquire MIAXdx, a derivatives clearing organization and swap execution facility licensed by the Commodity Futures Trading Commission (CFTC). The derivatives exchange is anticipated to commence operations in 2026.
Surging Interest in Prediction Markets
Prediction markets have emerged as one of the most popular offerings in the crypto space this year. Volumes on platforms like Kalshi and Polymarket have remained strong, benefiting from increased mainstream media attention.
Kalshi, a regulated prediction market platform in the US operating under the oversight of the CFTC, has recorded a trading volume of $4.47 billion over the last 30 days, according to DeFi data aggregator DefiLlama.
In comparison, Polymarket, a US-based cryptocurrency-based prediction market, has recorded $3.58 billion in trading volume over the same 30-day period.
Crypto Exchanges Also Expanding into Prediction Markets
Other players in the crypto industry are also venturing into prediction markets. Crypto.com recently launched its own prediction markets platform, which is slated for integration with Trump Media.
Crypto exchange Gemini is also planning to introduce a prediction markets platform as part of its initiative to develop a “super app.” On November 11, Gemini announced it had filed to become a designated contract market with the Commodity Futures Trading Commission to offer this platform.
Additionally, tech researcher Jane Manchun Wong claimed on November 19 to have discovered website data suggesting that Coinbase was developing its own prediction markets platform.