Robinhood Expands Prediction Markets Globally Beyond US

Popular trading platform Robinhood is planning to expand its prediction markets product beyond the United States into global markets, the company told Bloomberg. The platform, which allows traders to buy and sell contracts based on future outcomes, has seen growing international demand, particularly in Europe and the UK.

JB Mackenzie, vice president and general manager of futures and international at Robinhood, said users abroad have shown particular interest in this new form of trading. The company has begun discussions with overseas regulators, including the UK’s Financial Conduct Authority, to explore how a localized version of the product could be structured while ensuring regulatory compliance.

The expansion follows Robinhood’s recent partnership with blockchain-based and CFTC-regulated Kalshi, which lets users bet on the outcomes of real-world events such as elections, economic data releases and geopolitical developments. The push into prediction markets comes amid surging interest in event-based trading, sparked partly by the rise of crypto-native platform Polymarket.

Polymarket has processed billions of dollars in wagers in 2024, largely tied to the U.S. presidential election outcome. The platform’s popularity has driven its valuation from $1 billion to a reported $9 billion in just a few months. With Robinhood’s U.S. and potentially global offerings, the prediction market could open to a much larger group of traders.

Автор Benjamin Redfern

I was born in 1979 in Dunedin, New Zealand, where cold mornings, steep streets, and strong opinions about rugby were part of ordinary life. I use Benjamin Redfern as my public name. My private identity remains known only to close family and long-standing friends.