Bitcoin · Federal Reserve (FED) · CoinDesk
Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports
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Robinhood is seeing growing demand for prediction markets tied to bitcoin, gold and oil, as traders increasingly look beyond sports and elections to bet on moves in financial markets.
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- Robinhood has 11 businesses generating more than $100 million in annual revenue each, Mackenzie said, noting that prediction markets could be the company’s fastest-growing segment among them
- Traders are also moving toward shorter contracts, particularly in crypto, where some products now settle in as little as 15 minutes
- Asked about the risks, he compared 15-minute crypto contracts to zero-day options, which expire on the same trading day
Summary
Bitcoin, gold and oil price contracts are among the fastest-growing prediction market products, according to Robinhood executive JB Mackenzie. The Federal Reserve's interest rate decision was Robinhood's largest event contract in September, while crypto contracts have moved toward 15-minute settlement periods. Prediction markets are also drawing customers into Robinhood's stock, crypto and retirement products, potentially making the business one of the company's fastest-growing segments. Price volatility contracts tied to those assets are among the fastest-growing products in prediction markets, according to JB Mackenzie, VP and GM for futures and prediction markets at Robinhood.