Robinhood’s prediction-market fast lane: From sports to 15-minute $BTC bets

NEW YORK, Oct. 23, 2026 — Robinhood is seeing growing demand for prediction-market contracts tied to bitcoin, gold and oil as traders look beyond sports and elections to wager on financial price moves. JB Mackenzie, Robinhood’s VP and GM for futures and prediction markets, said price-volatility contracts linked to those assets are among the platform’s fastest-growing products.

Sports is still the largest product offered by Robinhood, Mackenzie said at the NEXTPredict conference in New York on Thursday. “We've now started to see price volatility contracts, such as bitcoin, crude oil, gold, start to dominate the marketplace, and they're the fastest growing products that are out there,” he said. Prediction-market contract prices reflect the market’s implied probability of an outcome, and one contract may ask whether bitcoin will trade above a specified price at a set time, allowing a trader to take a position without buying the cryptocurrency itself.

The business grew from election markets into sports, economic data and short-term price bets. Robinhood entered the sector through a partnership with Kalshi, a federally regulated prediction market exchange, and has since made event contracts a growing part of its trading platform. The expansion comes as sports contracts face legal challenges from state gambling regulators.

Robinhood’s largest event contract in September was tied to the Federal Reserve’s interest rate decision rather than sports, Mackenzie said. Crypto contracts are moving toward shorter settlement periods, with some products settling in as little as 15 minutes: “It started off with a week. It's moved to a day, and now we're down to 15 [minutes],” he said. Event contracts are also drawing customers into Robinhood’s stock, crypto and retirement products.