Morningstar analyst Sean Dunlop said prediction markets could help support Robinhood’s long-term growth. He forecasts 10% compound annual growth in transaction-based revenue, with 28% growth in the “other” category, which includes prediction markets.
The forecast may inform investors’ assessment of Robinhood’s revenue outlook and prediction-market business.
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DraftKings chief executive Jason Robins said the company could benefit whether sports prediction markets remain available or are restricted, while it monitors related legal challenges. He said sportsbook handle rose about 15% year over year in the first two weeks of the NFL season, and the company may bring forward some customer-acquisition and marketing spending planned for 2027, depending on trading and customer data.
CNBC’s Morning Squawk newsletter reported growing interest in Polymarket and Kalshi as football and the US election cycle gather pace. CNBC linked the attention to football’s return and the approaching November election, and also mentioned Robinhood.
According to CNBC's Morning Squawk newsletter, platforms such as Polymarket and Kalshi are attracting more attention now that football season has begun and the U.S. election is approaching. The newsletter placed the topic in its Monday digest of stories that move markets, a list that also covered worries about AI regulation, climbing oil prices, inflation figures and the Federal Reserve meeting scheduled for that week.
Robinhood said it will send some of its football prediction contracts to OG.com’s derivatives exchange and clearinghouse, with the first contracts expected before the new US professional football season. The partnership gives Robinhood equity stakes in Crypto.com and OG.com; the companies were valued at $20bn and $5bn respectively, the report said.
Cantor Fitzgerald & Co. launched institutional block trading in event contracts on Kalshi, acting as an introducing broker. The service initially operates through Kalshi’s block-trading framework, with Cantor planning to add other venues; Susquehanna Predictions will provide liquidity.
ProphetX and Players' Lounge have partnered to offer sports prediction markets through the Players' Lounge platform. The companies said eligible users in supported US jurisdictions can trade contracts on sports events after Know Your Customer verification, using ProphetX's CFTC-regulated exchange infrastructure.