Mackenzie Says Robinhood’s Bitcoin, Gold and Crude Oil Contracts Grow Fastest

JB Mackenzie, Robinhood’s vice president and general manager of futures and prediction markets, said Oct. 22 that Bitcoin (BTC), gold and crude oil contracts were its fastest-growing prediction-market products. Mackenzie made the remarks at NEXTPredict in New York. Sports remains Robinhood’s largest prediction-market category, he said. The platform’s largest event contract in September concerned the Federal Reserve’s interest-rate decision, a topic covered in Robinhood’s September contract ranking . Event contracts let customers take Yes-or-No positions on defined outcomes. Standard prices range from $0.01 to $0.99 and reflect the implied probability of an outcome; a correct position pays $1 per contract.