Robinhood says bitcoin, gold and oil contracts are its fastest-growing prediction markets
Robinhood’s head of futures and prediction markets, JB Mackenzie, told the NEXTPredict conference in New York that price contracts on bitcoin, crude oil and gold are now its fastest-growing event contracts, CoinDesk reported on 23 October. Sports is still the biggest, and the Fed decision was its largest single contract in September.
Robinhood's prediction-market customers are moving beyond sports. Price contracts on bitcoin, crude oil and gold are now the fastest-growing products in its prediction markets hub, JB Mackenzie, Robinhood's vice president and general manager for futures and prediction markets, said at the NEXTPredict conference in New York this week, according to CoinDesk on 23 October 2026.
What Robinhood said
- The trend: "We've now started to see price volatility contracts, such as bitcoin, crude oil, gold, start to dominate the marketplace," Mackenzie said, calling them "the fastest growing products that are out there."
- Sports still lead. Sports remain Robinhood's largest prediction-market product.
- The Fed beat football. Its single largest event contract in September was the Federal Reserve's interest-rate decision (Fed decision odds).
- Shorter and shorter. Crypto contracts used to run for a week, then a day: "now we're down to 15 [minutes]."
- The risk. Asked about it, Mackenzie compared 15-minute crypto contracts to zero-day options: both can lose money very quickly, though they work differently.
Why it matters for Robinhood
Robinhood says it has 11 businesses with more than $100 million each in annual revenue, and prediction markets could be the fastest growing of them. Mackenzie said prediction-market users quickly "start to build out into equities, crypto, futures, options", which makes the hub a funnel for the rest of the app. Robinhood entered prediction markets through a partnership with Kalshi, opened its own exchange, Rothera, with Susquehanna in June, and reported $156 million of prediction-market revenue in the second quarter (Robinhood prediction markets; Kalshi vs Robinhood).
The bigger picture
The same shift shows up across the industry: crypto contracts on Kalshi and Polymarket just had a record $2.7 billion week (record crypto week). Price contracts on assets are also the least controversial part of the business: unlike sports contracts, they are not being fought by state gaming regulators. NEXTPredict was also where the CFTC's enforcement director described the agency's current investigations (CFTC probe).
