Robinhood
Markets (NASDAQ: HOOD) has added dozens of entertainment-focused prediction
contracts to its platform, permitting customers to wager on Grammy nominations, Oscar
winners, and superstar rankings alongside its current sports activities and political
choices.

Robinhood Provides Grammy,
Oscar Betting to Prediction Markets

The retail
brokerage now presents contracts on classes together with which artists will
obtain Grammy nominations, Golden Globe award outcomes, and whether or not particular
musicians will launch albums in the course of the yr. Customers may commerce on
predictions about Google search rankings, Spotify streaming leaders, and awards
like TIME Particular person of the Yr.

The complete
listing, emailed to FinanceMagnates.com by Robinhood, contains a number of dozen new
contracts protecting a variety of different themes, together with forecasts for a possible
new pandemic and extra science fiction-style questions reminiscent of “Will the United
States say that aliens exist this yr?”

New Prediction Markets simply dropped on Robinhood, together with this market on @elonmusk‘s pay package deal pic.twitter.com/g4wckFGb9v

— Vlad Tenev (@vladtenev) November 4, 2025

Such
devices solely reinforce the view that occasion contracts have extra in frequent with
playing than investing, much like partnerships with legendary poker
gamers reminiscent of Daniel
Negreanu.

Robinhood
presents the contracts via
associate Kalshi, a Commodity Futures Buying and selling Fee-regulated trade.
The contracts commerce between one cent and 99 cents, with payouts of 1 greenback
if the prediction proves appropriate. Robinhood takes a one-cent price per greenback of
contracts traded, on high of Kalshi’s personal charges.

Buying and selling Quantity Nears $1
Billion Mark

The
growth comes as Robinhood
reported practically $1 billion in prediction market buying and selling quantity in the course of the
second quarter, with sports activities contracts accounting for a good portion
of exercise. The corporate launched its Prediction
Markets Hub in March and has been including contracts on a weekly foundation since
mid-October.

Robinhood
accounted for roughly half of Kalshi’s complete buying and selling quantity within the second
quarter, in keeping with trade evaluation. The brokerage generated roughly
$10 million in income from occasion contracts throughout that interval, although the
determine represents a small fraction of general firm income.

The
platform plans so as to add greater than 100 new occasion contracts throughout a number of
classes within the coming weeks, in keeping with firm statements. JB Mackenzie,
vp and common supervisor of futures and worldwide at Robinhood,
mentioned earlier this yr that the corporate views prediction markets as enjoying an
essential function on the intersection of stories, economics, politics, sports activities, and
tradition.

Gaming Shares Really feel
Strain

Conventional
sports activities betting operators have felt the impression of prediction market development.
DraftKings shares declined 18% over the previous month, with a few of the decline
attributed to competitors from Robinhood and Kalshi’s sports activities contracts, although
quarterly outcomes additionally mirrored
favorable outcomes for bettors in NFL video games.

Crypto.com
introduced the same push into
leisure contracts this week via a partnership with Hollywood.com,
providing predictions on actors, award reveals, films, and tv applications.
DraftKings additionally entered the house in October via its acquisition of
Railbird Applied sciences, which holds a CFTC license for federally regulated
prediction markets.

Additionally right this moment,
FinanceMagnates.com reported that cryptocurrency trade Gemini is taking
a extra critical take a look at prediction markets.

Worldwide Enlargement
Deliberate

Robinhood
has begun discussions with worldwide regulators, together with the UK’s
Monetary Conduct Authority, about launching prediction markets exterior the
United States. The
firm reported curiosity from customers in Europe and the UK, although any
worldwide rollout would require compliance with native rules.

The
brokerage is scheduled to report third-quarter outcomes later right this moment, with
analysts anticipating transaction-based revenues to leap 137% year-over-year to
$756 million. The corporate’s choices buying and selling income is projected to rise 49%,
whereas cryptocurrency transaction revenues are estimated to surge 415% in contrast
to the prior yr.

This text was written by Damian Chmiel at www.financemagnates.com.