Rapid Growth:

• Robinhood’s prediction markets have become one of its fastest-growing revenue streams since launching in March with Kalshi.
• Over 1 million users have traded 9 billion contracts to date.

Expansion Plans:

• Robinhood will launch a futures and derivatives exchange and clearinghouse in 2026.
• MIAXdx, a CFTC-licensed derivatives clearing organization and swap execution facility, will be acquired to support the venture.
• Robinhood will act as the controlling partner and market maker; Susquehanna International Group will provide day-one liquidity.

Market Trend:

• Prediction markets are surging in popularity, with platforms like Kalshi and Polymarket reporting strong trading volumes.
• Kalshi alone recorded $4.47 billion in trading volume over the last 30 days.

Strategic Vision:

Robinhood aims to leverage infrastructure investments to enhance customer experience and expand innovative offerings in the prediction market and derivatives space.