Robinhood Channels $805M in Rothera Bets as Prediction Market Volume Tops $14.5B
HOOD•Prediction market volumes hit record $14.5B weekly and $1.6B outstanding bets as Kalshi claims 62% market share while Robinhood routes wagers to Rothera with volumes surging to $805M. Robinhood’s market positioning intensifies competition as DraftKings launches DKeX and World Cup sponsorships boost visibility.
1. Record Market Growth
Weekly prediction market trading volumes reached $14.5B and outstanding bets hit $1.6B for the third consecutive week, driven by heightened interest ahead of the FIFA World Cup knockout stages.
2. Robinhood’s Rothera Expansion
Robinhood began routing bets to Rothera in late May, fueling a surge in weekly trading volumes from $2.1M to $805M as the platform capitalizes on World Cup-driven demand.
3. Competitive Landscape Intensifies
Kalshi commands 62% of total market volume compared to Polymarket’s 28%, while DraftKings’ launch of DKeX and World Cup sponsorships for prediction platforms signal escalating rivalry in sports prediction markets.
