Robinhood Capitalizing on Some Non-Sports Prediction Markets

Robinhood Markets (NASDAQ: HOOD) is rapidly asserting itself in the prediction market industry and its growth in that arena isn’t solely attributable to sports derivatives. While data confirm that sports event contracts continue accounting for a massive percentage of turnover on yes/no exchanges, Robinhood is capturing growth in some prominent non-sports categories, including commodities and cryptocurrency. Rothera, the prediction market that’s a joint venture between Robinhood and Susquehanna International Group, handles a fair chunk of Robinhood’s sports derivative volume, but financial event contracts are sourced through a partnership with a leading prediction market operator.