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Robinhood targets prediction-market growth with platform tools and Kalshi partnership

Deals & M&A

Robinhood highlighted prediction markets and its Cortex AI integration at its “YES/NO” launch event, according to the report. The company estimated that its prediction markets could generate about $300 million in annual recurring revenue by the end of 2025, and its partnership with Kalshi has helped it compete with platforms such as Polymarket. The report also noted ongoing legal challenges facing Kalshi.

Robinhood’s stated revenue target and Kalshi partnership indicate the commercial stakes in prediction markets amid legal uncertainty.

End-of-day close DraftKings (DKNG), USD, to 6 February 2026
Story date10 November 20256 February 2026

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Regulation

AGA targets prediction markets after reporting sweepstakes progress

The American Gaming Association (AGA) said it would focus on prediction markets in 2026 after its work helped push sweepstakes casinos out of many key US markets in 2025. AGA President and CEO Bill Miller said the association views prediction platforms as operating outside state and tribal sports-betting frameworks. The AGA report put 2025 US commercial gaming revenue at $78.6bn, up 9%.

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