Platform · Event Contracts
Robinhood Event Contracts
Robinhood's prediction-markets hub · Kalshi-powered binary contracts inside a 25M-user brokerage app, 8.8B contracts traded Q1 2026.
- Mechanism
- Event Contracts
- Status
- Live
- Founded
- 2024
- Market types
- Binary · Parlay/Combo
- Audience
- Retail · Sports · Politics · Generalist
- Website
- robinhood.com/us/en/about/event-contracts/
Pricing mechanism
Centralized matching
Settlement
CFTC-clearinghouse
Strengths
- Massive distribution: 25M+ funded Robinhood accounts
- CFTC cover via Kalshi/KalshiEX
- $415M+ ARR in 2025 · fastest-growing RH product
- Own exchange ahead via MIAXdx JV with Susquehanna
- Crypto + macro + sports in one tab
Weaknesses
- Binary-only
- Ongoing state-AG litigation over sports event contracts
- $0.02/contract fees expensive on cheap legs
- Liquidity from Kalshi's book, thin outside flagship
- No onchain yield or programmable collateral
About this mechanism
Binary outcome derivatives traded on CFTC-designated contract markets, USD-settled. Different regulatory and distribution lane from onchain PMs.