Robinhood’s Rothera Volumes Soar to $805M as Global Trading Tops $14.5B
HOOD•Weekly prediction market trading volumes soared to $14.5 billion and outstanding bets reached $1.6 billion, while Robinhood’s Rothera partner saw weekly volumes jump from $2.1 million to $805 million during the World Cup knockout stage. High-profile FIFA sponsorship boosted Kalshi to 62% market share as DraftKings launched its DKeX platform.
1. Record Trading Volumes Across Prediction Markets
Weekly trading volumes across global prediction markets soared to $14.5 billion last week, marking a third consecutive record week, while outstanding contracts reached $1.6 billion. Kalshi captured 62% of this volume, far ahead of 28% for its nearest rival.
2. Robinhood's Rothera Sees Explosive Growth
Robinhood routes prediction bets to Rothera, whose weekly trading volumes skyrocketed to $805 million from $2.1 million since late May. This jump underscores heightened user engagement on Robinhood’s platform during the World Cup knockout rounds.
3. Competitive Landscape Heats Up
Kalshi’s FIFA partnership brings its brand to stadiums and broadcasts, while DraftKings launched its DKeX prediction market and targets growth next month. These moves intensify competition and could drive higher acquisition and retention on Robinhood.
