Robinhood (HOOD) sees surge in Bitcoin (BTC), Gold prediction markets as traders move beyond sports
Summary
Robinhood says contracts tied to bitcoin, gold and crude oil are among its fastest-growing prediction-market products as users shift beyond sports and elections. The platform, which offers contracts through a partnership with regulated exchange Kalshi, has seen rising interest in economic events: its largest September contract concerned a Federal Reserve rate decision. Crypto contracts have shortened to as little as 15 minutes, a format Robinhood’s futures and prediction markets chief compared with zero-day options in its potential for rapid losses. Robinhood also views event contracts as a way to draw customers into other products, including stocks, crypto, futures and options.
