Robinhood says prediction markets have quickly become one of its fastest-growing revenue drivers, and the company now plans to expand further with a new futures and derivatives exchange and clearinghouse.
Since debuting prediction markets in March through a partnership with Kalshi, the platform has seen more than one million users trade a total of nine billion contracts, the company said Tuesday.
JB Mackenzie, Robinhood’s general manager of futures and international, said the company is “seeing strong customer demand for prediction markets, and we’re excited to build on that momentum.”
Robinhood added that it intends to deepen its investment in prediction markets by developing its own futures and derivatives exchange and clearinghouse.
“Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers,” Mackenzie said.
Robinhood derivatives exchange set for 2026 launch
The upcoming exchange will feature Robinhood as the controlling partner and market maker, with Susquehanna International Group serving as the initial liquidity provider.
As part of the initiative, Robinhood will acquire MIAXdx, a CFTC-licensed derivatives clearing organization and swap execution facility. The company expects the new derivatives exchange to go live in 2026.
Prediction market interest surges
Prediction markets have emerged as one of the year’s most popular crypto-related offerings, with platforms like Kalshi and Polymarket seeing sustained trading activity amid growing mainstream attention.
Kalshi, a CFTC-regulated U.S. prediction market platform, has recorded $4.47 billion in trading volume over the last 30 days, according to data from DeFiLlama.
In comparison, Polymarket — a U.S.-based, crypto-powered prediction market — has seen $3.58 billion in trading volume over the past 30 days.
Crypto exchanges push into prediction markets
Crypto.com recently rolled out its own prediction markets platform, which is expected to integrate with Trump Media. Gemini is also preparing to launch a prediction markets offering as part of its planned “super app.” The exchange said on Nov. 11 that it has applied to become a designated contract market with the CFTC to support the initiative.
Meanwhile, tech researcher Jane Manchun Wong claimed on Nov. 19 to have discovered website code suggesting that Coinbase is developing its own prediction markets platform.
