Robinhood Derivatives LLC (RHD) announced a prediction markets hub directly within the Robinhood App, giving customers the opportunity to trade on the outcomes of some of the world’s biggest events. At launch, the hub will allow customers to trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments.
“We believe in the power of prediction markets and think they play an important role at the intersection of news, economics, politics, sports, and culture. We’re excited to offer our customers a new way to participate in prediction markets and look forward to doing so in compliance with existing regulations,” said JB Mackenzie, VP & GM of Futures and International at Robinhood.
Building a standalone prediction markets hub allows the company to better serve its customers as they look to engage with events that align with their interests. Prediction markets operate within a regulated framework and leverage the power and rigor of financial market structure to facilitate greater liquidity, transparency and price discovery.
The prediction markets hub–and corresponding contracts–will initially be available across the US through KalshiEX LLC, a CFTC regulated exchange.
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