Robinhood to Launch Futures and Derivatives Exchange as Prediction Markets Surge

Quick Breakdown 

• Robinhood says prediction markets are now one of its fastest-growing revenue streams.
• The firm plans to launch a futures and derivatives exchange and acquire CFTC-licensed MIAXdx.
• Competitors like Crypto.com, Gemini and Coinbase are also moving into prediction markets.

Robinhood doubles down on prediction markets with new exchange plans

Robinhood is deepening its push into prediction markets, announcing plans to build a dedicated futures and derivatives exchange after seeing rapid growth in the sector. The trading platform revealed on Tuesday that prediction markets have become one of its fastest-growing revenue lines since launching earlier this year.

Robinhood is introducing a new futures and derivatives exchange and clearinghouse, deepening our investment in Prediction Markets and better positioning us to deliver innovative products to our customers.

More in our newsroom: pic.twitter.com/JXDkp3c2Tr

— Robinhood (@RobinhoodApp) November 25, 2025

The company introduced prediction markets in March through a partnership with Kalshi, and the response has been significant. More than one million users have traded a combined nine billion contracts so far, underscoring a strong appetite for event-based speculation.

JB Mackenzie, Robinhood’s general manager for futures and international, said customer interest has exceeded expectations.

“We’re seeing strong demand for prediction markets, and we’re excited to build on that momentum,”

he noted.

New futures and derivatives exchange coming

To scale the business, Robinhood plans to launch a futures and derivatives exchange and clearinghouse, where it will serve as the controlling partner and market maker. Susquehanna International Group has been tapped as the day-one liquidity provider.

As part of the expansion, the company will acquire MIAXdx, a CFTC-regulated derivatives clearing organization and swap execution facility. The new derivatives exchange is slated to go live in 2026.

Robinhood says investing in its own market infrastructure will enable it to deliver more innovative products and a smoother trading experience.

Prediction markets gain mainstream momentum

Interest in prediction markets has surged across the crypto and fintech sectors this year. Kalshi, which operates under CFTC oversight, has logged $4.47 billion in trading volume over the past 30 days, according to DefiLlama. Meanwhile, blockchain-powered Polymarket has recorded $3.58 billion in the same period.

The trend has caught the attention of major crypto platforms as well. Crypto.com recently rolled out its own prediction market, which will integrate with Trump Media. Gemini is building a prediction market as part of its upcoming “super app,” and filed with the CFTC earlier this month.

Tech researcher Jane Manchun Wong also reported on November 19 that website data hints Coinbase may be working on its own prediction market product.