Prediction Market Volumes Hit $14.5B; Robinhood’s Rothera Soars to $805M
HOOD•Weekly prediction market trading volumes surged to $14.5 billion, with outstanding bets reaching $1.6 billion for the third consecutive record week, propelled by Kalshi’s 62% market share at the FIFA World Cup. Robinhood’s Rothera platform saw volumes explode to $805 million from $2.1 million since late May as routing partner activity spiked.
1. Record Industry Trading Volumes
Weekly trading volumes across prediction markets reached $14.5 billion last week, while the value of outstanding bets climbed to $1.6 billion for the third straight record-setting week, reflecting surging interest as the FIFA World Cup progresses.
2. Kalshi's Market Leadership
Kalshi accounted for 62% of total trading volume compared to 28% for its largest competitor, leveraging sponsorship and advertising partnerships tied to the World Cup knockout stage to expand its sports wager dominance.
3. Robinhood’s Rothera Surge
Robinhood’s Rothera platform, which the company began routing wagers to in late May, saw weekly trading volumes jump from $2.1 million to $805 million, highlighting accelerating user engagement via its routing partnership.
4. Competitive Landscape Expands
DraftKings launched its own prediction market, DKeX, and other platforms are intensifying marketing efforts during broadcasts, signaling heightened competition that could reshape market shares and fee revenue potential.
