Robinhood CEO projects prediction markets, cites Polymarket as early leader

Robinhood CEO Vlad Tenev stated that prediction markets are entering a long-term growth phase, identifying platforms like Polymarket as early leaders in what he described as a “prediction market supercycle,” according to remarks shared in a video posted on social media platform X by Altcoin Daily.

Tenev said prediction markets remain in their early stages despite recent attention. “I believe we’re at the very beginning of a prediction market supercycle, and as it progresses, we should expect to see adoption and volumes continuing to grow, potentially into the trillions of contracts created each year,” he stated in the video.

Crypto-based prediction markets have evolved from niche experiments to financial tools used to track elections, sports, economic data, and token prices. Polymarket, one of the most active platforms, has attracted global attention for its ability to aggregate crowd expectations in real time using stablecoins and on-chain settlement.

Social media users responded with interest to Tenev’s comments. User Probability God wrote that “Vlad knows what’s up,” while account GEM INSIDER suggested prediction markets could serve as a catalyst for altcoin growth.

On Thursday, PancakeSwap and YZi Labs announced plans to launch Probable, a zero-fee prediction market on BNB Chain. The platform will support forecasts tied to crypto prices, global events, and sports, with all outcomes settled on-chain using UMA’s Optimistic Oracle, according to the announcement.

Research published earlier this year by New York-based data scientist Alex McCullough showed Polymarket achieved accuracy above 90% across multiple time frames, according to the analysis.

In June, prediction exchange Kalshi raised $185 million in a funding round led by Paradigm. The Intercontinental Exchange announced a multibillion-dollar investment and data partnership with Polymarket during the same period. More recently, Kalshi partnered with CNN.

Polymarket has demonstrated user demand for trading on real-world outcomes using crypto infrastructure, including a partnership with MetaMask. Robinhood reportedly accounts for more than half of the betting volume on Kalshi and has plans to introduce customizable sports parlays using Kalshi’s technology in early 2026, according to reports.

The initiatives align with Tenev’s stated vision of merging crypto with traditional finance through tokenization.