Robinhood expands into prediction markets with 2026 futures and derivatives platform
Robinhood is making an aggressive push into the fast-growing prediction markets sector, announcing plans to open a standalone futures and derivatives exchange aimed at capturing a larger share of the $9 billion market.
The new marketplace will operate as a joint venture under Robinhood’s control, with Susquehanna International Group serving as the initial liquidity provider, reports CoinGape.
Additional liquidity partners will join later to deepen market activity. The company noted that demand for prediction-based products is accelerating, with more than nine billion contracts traded by over one million users in its first year. The derivatives exchange is slated to begin operations in 2026.
Strong financial performance supports expansion strategy
The expansion comes at a time of strong financial momentum for Robinhood. The company reported Q3 net income of $556 million — more than triple its earnings from the previous year — alongside record revenue of $1.27 billion. Roughly $25 million of that came from activity tied to prediction markets through Robinhood’s partnership with Kalshi. Kalshi has also partnered with Coinbase, which now provides USDC custody and settlement for its venue.
Meanwhile, Robinhood continues diversifying the types of event contracts available on its platform, adding political, entertainment, and technology-related markets as user interest broadens.
Prediction markets become a battleground for fintech and crypto firms
Robinhood’s move is part of a wider industry shift, as major crypto and fintech platforms race to establish dominance in prediction markets. Gemini recently filed with the CFTC to expand into regulated event contracts, while Coinbase is developing its own platform that appears tied to Kalshi infrastructure.
Galaxy Digital is positioning itself as a liquidity provider for Polymarket and Kalshi, with early testing underway. Crypto.com has launched its own prediction market product through a partnership with Trump Media. Meanwhile, Polymarket has secured an amended CFTC order allowing it to operate as a fully intermediated U.S. exchange — a major milestone that opens the door to broader American participation under standard regulatory rules.
Recently we wrote that Robinhood reported third-quarter results with net revenue of $1.27 billion and earnings per share of $0.61, both significantly exceeding Wall Street expectations.
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