Robinhood Markets (NASDAQ: HOOD) has added dozens of entertainment-focused prediction contracts to its platform, permitting customers to wager on Grammy nominations, Oscar winners and celeb rankings, along with its present sports activities and politics choices.
The retail middleman presently presents offers on classes corresponding to which artists might be nominated for the Grammys, the end result of the Golden Globes, and whether or not a specific musician will launch an album this yr. Customers can even commerce based mostly on predictions for awards corresponding to Google search rankings, Spotify streaming chief, and TIME Particular person of the 12 months.
The complete listing, emailed to FinanceMagnates.com by Robinhood, consists of dozens of latest offers masking quite a lot of different matters, together with predicting the potential of new pandemics and sci-fi-style questions like “Will the U.S. say aliens exist this yr?”
New prediction markets have been dropped on Robinhood, together with this marketplace for @elonmusk's wage bundle pic.twitter.com/g4wckFGb9v
— Vlad Tenev (@vladtenev) November 4, 2025
Merchandise like this, in addition to partnerships with legendary poker gamers like Daniel Negreanu, solely reinforce the view that occasion contracts have extra in frequent with playing than investing.
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Robinhood presents contracts by means of its companion Calsi, a Commodity Futures Buying and selling Fee-regulated change. Contracts commerce between 1 cent and 99 cents, and an accurate prediction pays out $1. Robinhood collects a price of 1 cent per greenback of contracts traded, along with Kalsi's personal charges.
Buying and selling quantity approaches $1 billion
The enlargement comes after Robinhood reported prediction market buying and selling quantity reached almost $1 billion within the second quarter, with sports activities contracts accounting for a good portion of the exercise. The corporate launched its prediction market hub in March and has been including contracts weekly since mid-October.
Robinhood accounted for about half of Kalsi's whole buying and selling quantity within the second quarter, in keeping with business evaluation. The brokerage generated roughly $10 million in income from occasion contracts throughout that interval, a determine that represents solely a fraction of the corporate's general income.
The platform plans so as to add greater than 100 new occasion offers throughout a number of classes within the coming weeks, in keeping with an organization assertion. JB McKenzie, Robinhood's vp and normal supervisor of futures and worldwide, stated earlier this yr that the corporate believes prediction markets play an essential function on the intersection of reports, economics, politics, sports activities and tradition.
Gaming shares really feel stress
Conventional sports activities betting operators have felt the impression of the expansion of prediction markets. DraftKings inventory fell 18% final month, and whereas a few of that decline was on account of competitors from Robinhood and Calci's sports activities contracts, the quarterly outcomes additionally mirrored optimistic outcomes for bettors on NFL video games.
Crypto.com this week introduced an identical push for an leisure deal by means of a partnership with Hollywood.com to offer predictions for actors, award reveals, films and TV reveals. DraftKings additionally entered the area in October by means of its acquisition of Railbird Applied sciences, which holds a CFTC license for federally regulated prediction markets.
Additionally right now, FinanceMagnates.com reported that crypto change Gemini is contemplating prediction markets extra severely.
Plans for abroad enlargement
Robinhood has begun discussions with worldwide regulators, together with the UK's Monetary Conduct Authority, about launching a prediction market outdoors the US. The corporate has reported curiosity from customers in Europe and the UK, however might want to adjust to native laws to broaden internationally.
The corporate is scheduled to report third-quarter outcomes later right now, and analysts anticipate transaction-based income to rise 137% year-over-year to $756 million. The corporate's choices buying and selling income is predicted to extend by 49%, and its crypto buying and selling income is predicted to leap 415% yr over yr.
