Published on: September 30, 2025, 01:25h.
Updated on: September 30, 2025, 01:25h.
- Recent news follows broker’s report of a significant rise in Q3 event contract volumes.
- The company is in discussions with the relevant UK regulatory body.
Following the impressive success of its prediction markets in the United States, Robinhood Markets (NASDAQ: HOOD) is eager to expand its event contracts offerings to clients across the globe.
The prominent investing app’s management has noted an increasing international appetite for access to prediction markets. JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood, expressed to Bloomberg that clients abroad are eager for prediction markets options.
“We are definitely aiming to provide it globally, with a focus on ensuring it is compliant with regulations wherever we operate,” said Mackenzie during the interview.
At present, Robinhood is focusing its international prediction markets initiatives on the European Union (EU) and the UK. Mackenzie mentioned to Bloomberg that discussions have occurred with the UK’s Financial Conduct Authority (FCA) to facilitate the compliant introduction of event contracts in that region.
Robinhood’s Prediction Markets Are Thriving
In the United States, Robinhood Derivatives customers have access to select event contracts spanning various areas, including sports, through a partnership with Kalshi. They have agreed to share equally in the two-cent per contract fee paid by traders.
This segment of the business is thriving. Estimates suggest that Robinhood accounts for 25% to 35% of Kalshi’s daily volume. Recently, Piper Sandler analyst Patrick Moley indicated that, based on the performance metrics from September, the event contracts could generate over $200 million in annual revenue for Robinhood.
A positive outlook was reaffirmed when CEO Vlad Tenev revealed that over four billion event contracts have been traded on Robinhood, with more than half occurring in the current quarter, highlighting a surge in football derivatives activity.
As Robinhood considers introducing event contracts to international markets, the company acknowledges that the regulatory environment varies significantly from the US.
“Here in the US, it operates as a swap. The question becomes, where is the swap oversight in the UK? That’s a query we’ve been discussing with the FCA on how to navigate this,” Mackenzie stated during the Bloomberg interview.
Europe and the UK: Key Markets for Expansion
Europe and the UK represent prime opportunities for Robinhood’s prediction markets expansion, given that bettors and traders in these areas are already familiar with the concept of event contracts.
Flutter Entertainment’s (NYSE: FLUT) Betfair Exchange provides markets for horseracing, politics, and sports, similar to Kalshi’s operations in the United States.
This familiarity suggests that the primary challenge Robinhood may face in launching prediction markets outside the US is primarily related to regulatory compliance.