FED SEP CUT 36¢ ▾2 WORLD CUP · BRAZIL 22¢ ▴3 BTC > $150K EOY 41¢ ▴1 GOVT SHUTDOWN 58¢ ▾4
LIVE · 6 platforms tracked
Best Prediction Websites
bestpredictionwebsites.com
Get the daily edge →
Platform review

Robinhood review

8.5
OUR SCORE / 10
Best for: Beginners and existing investors who want event contracts in one app
Deposit: USD brokerage cash (settled funds only)
US legal: CFTC-regulated via Robinhood Derivatives; Maryland prohibits event contracts, Nevada restricts new sports contracts
Updated 2026-07-31

Event contracts built right into the Robinhood app, offered through a CFTC-registered brokerage and exchange partners. The easiest on-ramp if you already invest — huge scale, familiar interface.

Pros

  • CFTC-regulated through Robinhood Derivatives (a registered FCM)
  • Built into an app millions already use — very low learning curve
  • Enormous scale and liquidity; billions of contracts traded
  • Robinhood Gold roughly halves the trading commission

Cons

  • No instant deposits — event contracts use settled brokerage cash only
  • Probability-weighted commission plus separate exchange fees is less transparent than a flat fee
  • Geographic exclusions (Maryland, Nevada sports) and active state-vs-CFTC litigation
  • Fewer, more mainstream markets than Polymarket or Kalshi

Our verdict

Robinhood is the friendliest way into prediction markets for anyone who already has the app. Its event contracts run through Robinhood Derivatives, a CFTC-registered brokerage, using exchange partners (Kalshi and, since mid-2026, its own Rothera exchange). If you want to dip a toe without opening a new account or touching crypto, this is the gentlest start.

Who it’s best for

Beginners and existing Robinhood investors who value convenience over the widest market selection.

Fees and funding

You trade with settled brokerage cash — there are no instant deposits for event contracts. The commission is probability-weighted (it varies with the contract’s price), with a discount for Robinhood Gold members, plus small per-contract exchange fees. It’s competitive but less transparent than a single flat rate.

Event contracts aren’t available everywhere — Maryland prohibits them and Nevada restricts new sports contracts — and Robinhood, like its peers, is caught in the state-versus-CFTC legal fight. Check our legality tracker for your state.

Figures current as of July 2026 and subject to change. Scores reflect our editorial methodology, weighted for US traders. Not financial or betting advice; 18+.