Robinhood Routes Bets to Rothera as Prediction Markets Hit $14.5B Weekly Volume
HOOD•Global prediction market trading volumes jumped to $14.5 billion last week, while outstanding bets reached a record $1.6 billion for the third consecutive week. Robinhood has begun routing wagers to Rothera, driving that platform’s weekly volumes from $2.1 million to $805 million since late May.
1. Record Market Volumes
Prediction markets saw weekly trading volumes surge to $14.5 billion, with outstanding bets climbing to $1.6 billion for the third straight week. This marks an unprecedented spike in user engagement as global interest in live-event wagering intensifies.
2. Robinhood Ramps Up with Rothera
Robinhood initiated routing of its prediction market wagers to Rothera in late May, boosting that exchange’s weekly trading volume from $2.1 million to $805 million. The rapid uptake highlights Robinhood’s strategy to leverage third-party platforms to capture growing consumer demand.
