Robinhood's CEO says we're on the cusp of a 'prediction market supercycle'
Briefly

Robinhood's CEO says we're on the cusp of a 'prediction market supercycle'
""We're just at the beginning of a prediction market supercycle that could drive trillions in annual volume over time,""
""This year is going to be a big year. Olympics are going on right now, World Cup coming in the summer.""
""You're also seeing relevant non-sports contracts generating significant volume,""
""For example, in the week after the NFL season ended, the government shut down contract on our prediction markets platform was driving significant volume.""
Prediction markets are the fastest-growing business in Robinhood's history. The market sits at the start of a potential supercycle that could eventually generate trillions in annual trading volume. Interest is expected to rise around major global events such as the Olympics and the World Cup. Platforms enable users to trade on outcomes of elections, sports, and pop culture events. Robinhood launched prediction markets in August with NFL and college football contracts and expanded into Oscars and election markets. Non-sports contracts, including a government shutdown contract after the NFL season, produced significant volume. Other revenue including prediction markets grew from $72 million to $147 million between Q3 and Q4 2025, and event contract submissions rose from 2.9 billion to 3.4 billion in January.
Read at Business Insider
Unable to calculate read time
[
|
]