Robinhood Launches Prediction Markets Hub with March Madness and Fed Rate Contracts

The new platform, developed in partnership with Kalshi, marks Robinhood's expansion into event-based trading while navigating regulatory oversight.

Robinhood's new prediction markets hub allows users to trade contracts on events like March Madness outcomes and Federal Reserve interest rate decisions.
The platform operates through a partnership with Kalshi, a CFTC-regulated exchange, to ensure compliance with U.S. regulations.
A two-cent fee per contract is charged, split equally between Robinhood and Kalshi, with the service available in all U.S. states except Nevada.
The launch builds on Robinhood's strategy to diversify its offerings and compete with platforms like Polymarket in the growing prediction markets space.
The hub's debut coincides with March Madness, leveraging a major betting event to attract users while reigniting debates over whether event-based trading constitutes gambling.