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Robinhood plans to expand prediction markets beyond sports

Deals & M&A

Robinhood is aiming to broaden its prediction-markets platform beyond sports contracts, according to Deutsche Bank analyst Brian Bedell after meetings with the company’s vice-president and general manager of futures and prediction markets. Bedell said Robinhood had ambitions spanning retail users, exchange activity, market-making and longer-term institutional and international markets.

A broader product mix could reduce Robinhood’s reliance on sports contracts, which the report says attract regulatory scrutiny.

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Deals & M&A

DraftKings raises Q1 revenue 17% to $1.65bn as prediction markets expand

DraftKings reported first-quarter 2026 revenue of $1.65bn, up about 17% year on year, and net profit of $21.1m, compared with a loss a year earlier. The company said April customer acquisition costs for prediction markets fell by more than 80%; it also reported annualised consumer volume above $1bn and total traded volume above $2.3bn. DraftKings maintained its 2026 revenue forecast of $6.5bn to $6.9bn.

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