Robinhood to Add Over 100 New Prediction Market Contracts
Robinhood Markets plans to significantly expand its offerings of Event Contracts. The company intends to introduce over 100 new contracts in the coming weeks and months, with new options appearing weekly, as first reported by FNG.
This aggressive expansion covers a wide array of categories, including sports, politics, economics, business, and culture. Robinhood offers these event contracts through Robinhood Derivatives, leveraging partnerships with platforms like Kalshi and ForecastEx. The partnership with Kalshi is central to this growth.
Expansion Targets Sports and Political Events
The expansion is already underway, with Robinhood recently adding election-related contracts. As the NBA season begins and the World Series approaches, the firm is rapidly building out its menu of sports derivatives.
Sports Contracts
- World Series: Contracts are available for Games and , as well as the eventual World Series winner, listing the Toronto Blue Jays and Los Angeles Dodgers.
- Professional Basketball (NBA): The offerings cover all regular season games. Customers can also trade on conference and league championship winners (Eastern and Western Conferences). Additionally, the contracts include total win sums for all teams and wagers on individual awards like MVP, Rookie of the Year, and Coach of the Year.
Political and Election Contracts
Robinhood continues to add contracts tied to political outcomes. Recently introduced contracts focus on US policy and local elections:
- Policy Issues: Recent “yes/no” contracts address potential actions by President Trump, such as amnesties, government spending cuts, and tariffs on pharmaceuticals and semiconductors. Other topics include the possibility of a National Bitcoin Reserve, AI regulation, US debt levels, and whether Federal Reserve Chair Jerome Powell will leave his post.
- Local Elections: New contracts focus on mayoral races in cities like New York, Seattle, Miami, and Minneapolis. Trading is also available on gubernatorial elections in New Jersey and Virginia, including questions on a potential “Democratic sweep” across those three areas.
Robinhood’s strategy uses its partnerships to execute this rapid product growth. The firm’s ability to quickly scale its offerings is an important step. This highlights the brokerage’s commitment to expanding beyond traditional trading products and into the fast-growing prediction market space.
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