Robinhood Says Bitcoin, Gold and Oil Are Its Fastest-Growing Prediction Markets

JB Mackenzie, Robinhood’s vice president and general manager for futures and prediction markets, said at the NEXTPredict conference in New York that sports remains the platform’s largest prediction-market category. But financial price contracts are gaining ground quickly. “We’ve now started to see price volatility contracts, such as bitcoin, crude oil, gold, start to dominate the marketplace, and they’re the fastest growing products that are out there,” Mackenzie said. Robinhood did not provide asset-by-asset trading volumes or growth rates alongside the comments, so the ranking reflects management’s description rather than independently disclosed category data. The direction nevertheless matters because it suggests prediction markets are expanding beyond elections and sports into products that compete more directly for the attention of active financial traders.

First reported by FinanceFeeds. This page is a short excerpt; the full text is theirs.