- Brokerage firm says it plans to add 100+ event contracts in coming weeks, months
- It’s already added 35 election contracts in recent days
- Robinhood partners with Kalshi on prediction markets
Robinhood Markets (NASDAQ: HOOD) is expanding its already significant prediction markets, pledging to roll out more than 100 new event contracts, including politics and sports, in the weeks ahead.
Last Friday, the trading house introduced approximately 20 yes/no contracts with political ties, including bets on with whom President Trump will meet this year, the possibility of a national bitcoin reserve, semiconductor tariffs, Trump pardons, and whether or not Federal Reserve Chairman Jerome Powell will leave that role, among others.
Ahead of the widely watched New York City mayoral election and gubernatorial contests in New Jersey and Virginia, Robinhood added about 15 political event contracts on Wednesday. Robinhood has an established prediction markets presence by way of a partnership with Kalshi.
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.
Kalshi and Robinhood equally share the economics of event contracts traded on the latter’s platform.
Robinhood Boosts Sports Contracts Menu
Undaunted by a series of state-level legal battles targeting Kalshi on the grounds that it’s offering what it amounts to sports betting, some of which have ensnared Robinhood, the financial services firm is pushing further into sports derivatives.
The 2025-26 NBA season tipped off Tuesday and game one of the World Series is tomorrow and Robinhood is ready for what could be another surge in sports prediction markets volume. This week, the company introduced World Series contracts and a batch of NBA-linked derivatives, including single games, conference and league champions, awards, and win totals.
It plans to introduce “100+ new contracts across sports, politics, economics, business, culture, and more” over the coming weeks and months, but the representative didn’t provide a breakdown of how many of the new event contracts will be tied to sports.
It’s possible many will be because the calendar favors any prediction market operator increasing sports menus. Not only is the NFL season in full swing, the NBA is ramping up, college basketball starts in a matter of weeks and college football’s bowl season commences in December.
Robinhood Vital in Kalshi Equation
Amid reports that Kalshi’s valuation may have doubled in less than three weeks, it’s worth remembering that Robinhood is integral in that scenario.
Last month, Piper Sandler analyst Patrick Moley said prediction markets on Robinhood handled $2.6 billion in month-to-date volume and that was with a week left in September. He added that on any given day, Robinhood accounts for 25% to 35% of Kalshi’s turnover.
California-based Robinhood has expressed interest in launching prediction markets for clients outside the US and has said it could mull acquisitions to improve its standing in the space. It could also leverage in-house capabilities to that effect.
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