Retail Traders at Robinhood Now Have Round the Clock Access to Prediction Markets

Robinhood has expanded access to its prediction markets, allowing users to trade at any time of the day. The update was shared in a post on X, where the company said the markets are now open 24 hours a day and seven days a week.

The development follows rapid growth in Robinhood’s prediction-market activity. The platform traded 2.3 billion event contracts in the third quarter and 2.5 billion in October.

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Launched earlier this year after initial regulatory challenges, the product has become one of the broker’s fastest-growing segments. Robinhood said the unit, combined with Bitstamp, generated about $100 million in annualised revenue, although it did not disclose a separate figure for prediction markets.

Retail Traders Gain 24/7 Market Access

The initial contracts focused on interest-rate decisions and major sports tournaments. The change in trading hours comes after adjustments by Kalshi, the regulated exchange that powers Robinhood’s event-based contracts.

Under the new schedule, users can trade throughout the day, including overnight, without aligning with traditional market hours. This gives retail traders continuous access to outcomes tied to economic or sports events.

Crypto, Options, Equities Drive Robinhood’s Latest Quarterly Results

Robinhood reported growth across its key revenue streams. Revenue from cryptocurrency trading rose to $268 million, while options trading generated $304 million. Equities revenue increased to $86 million. The platform recorded $80 billion in notional crypto trading volume, split evenly between the Robinhood app and Bitstamp.

Interest income reached $456 million, up 66 per cent, and revenue from other sources, including subscriptions, doubled to $88 million. The number of Robinhood Gold subscribers reached 3.9 million. Net income climbed to $556 million, representing a 271 per cent yearly increase, while diluted earnings per share rose 259 per cent.

The company also announced that CFO Jason Warnick will retire next year, with Shiv Verma named as his successor.