Robinhood Rides Prediction Markets’ Surge, Announces Major Expansion

Trading app Robinhood is experiencing a boom in prediction markets revenue, positioning them as one of its fastest-growing product lines. As a result, the platform is planning to significantly expand its operations with the launch of a futures and derivatives exchange and clearinghouse. This move follows the successful launch of prediction markets in partnership with Kalshi in March, which has seen over one million users trade nine billion contracts within just nine months.