Trading platform Robinhood is expanding its business by launching a futures and derivatives exchange and clearinghouse, following the success of its prediction markets partnership with Kalshi. Nine billion contracts have been traded by over one million users since March, with plans to deepen investment in prediction markets. The exchange is set to launch in 2026, with Robinhood as the controlling partner and market maker. Source: Robinhood

Prediction markets have surged in popularity this year, with Kalshi recording a trading volume of $4.47 billion in the last 30 days. Polymarket, another prediction market platform, has seen a volume of $3.58 billion during the same period. The interest in prediction markets is growing as mainstream media attention increases, with platforms like Kalshi operating under the oversight of the CFTC. Source: DefiLlama

Crypto exchanges like Crypto.com and Gemini are also entering the prediction markets space. Crypto.com’s prediction markets platform will be integrated with Trump Media, while Gemini aims to create a “super app” that includes a prediction markets platform. Coinbase is also reportedly working on a prediction markets platform, indicating a growing trend in the crypto industry. Source: Cointelegraph

Read more at Cointelegraph: Prediction Markets Driving Expansion Plans at Robinhood