Robinhood Highlights Q1 Prediction Markets Growth as $60B Event Trading Surges
HOOD•Robinhood CFO Shiv Verma reported Q1 performance of new offerings, highlighting strong user engagement in prediction markets and the Gold credit card as it aims to expand its retail ecosystem. Institutional liquidity provider Wintermute entered prediction markets this quarter, contributing to event-contract trading volumes exceeding $60 billion in 2026.
1. Q1 Earnings and New Offerings
Robinhood CFO Shiv Verma reported that first-quarter user engagement rose notably for its new offerings, with prediction markets and the Gold credit card achieving significant adoption among active traders. Verma emphasized the company’s long-term strategy to build a global financial ecosystem by increasing wallet share and deepening retail investor engagement.
2. Wintermute Entry Boosting Liquidity
Institutional liquidity provider Wintermute began quoting two-sided event-contract markets this quarter, joining venues where event-contract trading has topped $60 billion year-to-date and exceeds $20 billion monthly. This deeper liquidity is expected to narrow spreads and enhance price discovery, potentially improving trading conditions within Robinhood’s prediction markets segment.
