Robinhood considers acquiring a prediction market platform
Robinhood is looking for a potential acquisition in prediction markets, vice-president JB Mackenzie said in comments reported on 14 October 2025. He named no targets and said the company would weigh an acquisition against developing products with its own engineers. Piper Sandler analysts estimate Robinhood accounts for 25% to 35% of Kalshi trading volume.
A potential acquisition could change competition among prediction-market platforms, where Robinhood already partners with Kalshi.