In 2025, Robinhood partnered with Kalshi to offer a dedicated prediction hub. Since we were already familiar with Kalshi, we had big expectations for Robinhood. Well, you’ll know if it lived up to those expectations in this Robinhood review.
Here, we will focus on the prediction market where you trade event contracts tied to specific outcomes. Robinhood covers various categories, including sports, politics, entertainment, and climate. It uses a simple Yes-or-No trading format that makes it great for beginners and experienced traders alike. Keep reading, as we’ll uncover the most essential things about the prediction market.
- An overview of how Robinhood works
- The welcome bonus and other promotions for traders at Robinhood
- The events you can trade on at Robinhood
- How to trade event contracts at Robinhood
- The Robinhood website and mobile app
- Payment methods for deposits and withdrawals
- Quality customer service
- Is Robinhood legit? What you need to know
- A well-rounded trading experience at Robinhood
- Robinhood review FAQs
An overview of how Robinhood works
Before diving into what Robinhood offers, let’s look at how the prediction market works. On the platform, you focus on predicting the possible outcomes of real-world events. Your predictions will be tied to Yes and No contracts. So, you buy Yes contracts if you believe the event will occur, and No contracts if you think it won’t.
Unlike standard sportsbooks that feature fixed odds, Robinhood attaches prices to every contract. The amount ranges between 1 and 99 cents, and you can buy as many contracts as you want. Prices also indicate the probability that the event will occur. For instance, a contract priced at $75 shows that there is a 75% chance that the event will happen.
It’s important to note that Robinhood uses a peer-to-peer model. So, for every contract you buy, there is a trader selling. Likewise, if you decide to sell your contracts, there is a trader on the other end who will buy them. The prediction market does not set the price.
The welcome bonus and other promotions for traders at Robinhood
Bonuses were among the core factors we considered when comparing Kalshi vs Robinhood. Unlike Kalshi, which offers a welcome bonus for predictions, Robinhood provides a free stock with a value that can range between $5 to $200. You get the bonus after opening a brokerage account and linking your bank card.
Since you receive the offer as fractional shares, you can’t use them for prediction markets. You have to hold the stock for at least three days before you can sell it. You can then use the cash you receive from the sale to trade event contracts.
Unfortunately, Robinhood does not have a loyalty program or a long list of bonuses for returning players. We did find a referral bonus that offers you stock when a new user signs up using your code and links their bank card to their account. Then, there is Robinhood Gold, a $5 monthly subscription service that unlocks more features. However, both promotions are tied to the broader Robinhood investment platform, not the prediction hub.
The events you can trade on at Robinhood
One of the things that impressed us during our Robinhood review was the availability of contracts across various events. Whether you’re interested in politics or prefer niche options like the weather, there is something to trade on at the prediction market. Below are some of the main categories that the platform covers:
🕹️ Video games
Video games are among the most intriguing prediction markets, with events tying in nicely with social media discourse. Currently, the GTA 6 release date is one of markets with most traction, while the Game of the Year for 2026 is another.
🎮 esports
Esports are plentiful at Robinhood, with plenty of prediction markets available at all times. These are primarily around specific matches; for example, in the case of LoL, T1 vs KT Rolster has the option for you to select a winner through buying a contract.
⚽ Sports
At Robinhood, you can trade event contracts for more than 10 sports. The platform covers mostly popular options, including baseball, MMA, soccer, boxing, and Tennis. We must admit that there isn’t much variety in terms of markets, as most focus on matchups, totals, and props.
💻 Crypto
If you’re a crypto enthusiast, you can test your knowledge of different coins on the prediction market. We found hundreds of contracts, though they were limited to BTC, SOL, ETH, XRP, and DOGE. Many crypto contracts center on price fluctuations within a specific time frame.
🗳️ Politics and elections
Interestingly, Robinhood separates elections from other political events. Most electoral event contracts cover US elections, but there are also a few options for international activities. The political section covers potential government regulations, international trade, and fiscal policies.
🎭 Culture/Entertainment
TV shows, movies, music, and video games also see decent trading volume on Robinhood. You have markets like “Who will successfully take over the Warner Brothers,” “Top US Netflix show this week,” and “Artist with the most monthly Spotify listeners.”
📈 Economics
If you’re interested in business or events that affect the economy, there are related contracts you can trade on the prediction market. The Economics section is further divided into The Fed, Gas Prices, Indicators, Macro, Energy, and International. So, it’s left for you to pick your area of interest.
🌦️ Climate
There are two main segments under Climate: Temperature and Rainfall. As a result, most contracts in this category revolve around you predicting the possible temperature and rainfall in specific cities. This differs from Polymarket, which offers more markets for natural disasters and pandemics. You can check out our Polymarket review if you want to learn more about what Polymarket offers.
How to trade event contracts at Robinhood
Buying and selling event contracts at Robinhood is pretty straightforward. However, before you can trade, you need to create a brokerage account, then apply for a Derivatives account on Robinhood.
The brokerage account is the standard investment account. You can register by downloading the app, providing the necessary information, then verifying your phone number and identity. The next step is opening a Derivatives account. You do this by visiting the predictions hub and submitting an application.
Once your account is up and running, you can deposit funds and trade contracts by following these steps:
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Tap “Predict” on the app.
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Choose a category. This can be sports, politics, elections, or whatever you want.
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Select an event to view the available markets.
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Pick a market.
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Decide if you want to purchase Yes or No contracts.
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Enter the number of contracts you want.
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Complete the payment.
You can wait for the event to be resolved or sell your contracts beforehand. If you choose to wait, you’ll receive a $1 payout for each accurate prediction, but $0 per contract if your predictions are incorrect. Keep in mind that there is a trading commission fee of $0.02 per contract. This isn’t much, but it can add up if you’re trading large volumes.
The Robinhood website and mobile app
Robinhood has a well-designed website interface similar to what we found at Polymarket and Kalshi. However, unlike Polymarket and Kalshi, which offer trading on their websites and apps, Robinhood allows you to trade event contracts only through its app. You can check out our comprehensive comparison of Kalshi vs Polymarket to see how both brands stack up.
The Robinhood app is intuitive. It features both light and dark themes, which you can easily change under settings. For every market, there is a live graph that shows how its prices have fluctuated over time. Performance-wise, the mobile app loads quickly, making it easier to move from one section to another.
Payment methods for deposits and withdrawals
Robinhood supports three major payment methods: ACH transfer, debit cards, and instant bank transfers. We prefer using instant bank transfers for deposits because the platform processes them immediately. Funds from debit cards can take up to 30 minutes to appear in your balance, while the wait time can extend to four business days with an ACH transfer.
You can cash out using the same payment methods, but note that there is a 1.75% processing fee for instant withdrawals. Withdrawals via ACH transfer can take up to five business days.
Quality customer service
As a Robinhood trader, you always have access to customer service. There’s a live chat that connects you to a real agent who provides helpful answers to your query. If you prefer over-the-phone interactions, you can call the helpline, though it is only available from 7 am to 9 pm ET. There is also a detailed FAQ page where you will find answers to some of the most common questions about the trading platform.
Is Robinhood legit? What you need to know
Yes, Robinhood is 100% legit. It is regulated by the Commodity Futures Trading Commission (CFTC), which classifies its contracts as financial derivatives rather than gambling. For your safety, it uses the Transport Layer Security (TLS) protocol and supports 2-Factor Authentication.
In accordance with US law, you must be at least 18 years old to use the platform. Robinhood confirms this through compulsory KYC verification.
A well-rounded trading experience at Robinhood
From this Robinhood review, it’s easy to see why the prediction market has become highly regarded among US traders. It provides event contracts for various categories, giving you multiple options to choose from. The app is intuitive, and the operator implements tight security protocols to protect your details.
Of course, Robinhood is not perfect. Trading event contracts is exclusive to the app, and the payment methods are limited. Still, it scores highly in several aspects. You should weigh the pros and cons to decide if Robinhood is a prediction market you’d like to try. If yes, you can click the on-page banners to visit the site and get started.
Robinhood review FAQs
🚫 Can I buy both Yes and No outcomes at Robinhood?
📱 Do I have to download the Robinhood app?
✅ Is Robinhood safe?
Ben is the Lead Editor at Win.gg, bringing a decade of iGaming industry experience having worked for both the operator and affiliation sides. With a formal journalism background, he is responsible for ensuring that every piece of content that we publish is relevant, accurate and well-written. In his own time, he enjoys playing video games and especially enjoys Rockstar titles, considering Red Dead Redemption 2 the finest title ever made. He has also spent a lot of time playing GTA V over the years and is fascinated by how streaming is changing the landscape of the industry.
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