Bitcoin, Gold, Crude Oil Prediction Markets Contracts Among the Fastest Growing Products Our Platform, Says Robinhood

Robinhood Markets is seeing rising demand for prediction-market contracts tied to Bitcoin, gold and crude oil as traders increasingly use the products to speculate on financial markets rather than sports and elections. JB Mackenzie, Robinhood’s Vice President and General Manager for Futures and Prediction Markets, said the contracts were among the platform’s fastest-growing products, although sports remained its largest category. “Price volatility contracts, such as bitcoin, crude oil, gold, start to dominate the marketplace,” Mackenzie said at the NEXTPredict conference in New York. The shift is expanding Robinhood’s event-contract business beyond traditional betting markets.