Why we rate Robinhood Predictions
Robinhood brought prediction markets to a mainstream audience by wrapping Kalshi’s CFTCâregulated contracts inside its worldâclass app. For the 25M+ people already trading stocks or crypto there, adding event contracts means no second account and a single, familiar interface. Fees are an ultraâlow $0.02 per contract, and liquidity on big events is excellent (it shares Kalshi’s order book). The limits: a narrower catalog than a direct Kalshi account, no orderâbook visibility, and sports contracts blocked in MD, NJ and NV. Ideal for existing Robinhood users.
Jump to the Prediction Markets review â
What we like
- Trade event contracts inside a worldâclass app alongside stocks & crypto
- Ultraâlow $0.02 per contract flat fee
- CFTCâregulated (Robinhood Derivatives; contracts via Kalshi)
- Excellent liquidity on major events (shares Kalshi’s order book)
- No second account needed for existing Robinhood users
What to know
- Narrower catalog than a direct Kalshi account
- No orderâbook visibility or contractâvolume data
- Sports contracts restricted in MD, NJ and NV
- Must enable a Robinhood Derivatives account (margin/options approval)
- No dedicated predictionâmarkets bonus â only the account freeâstock offer
Robinhood Predictions Prediction Markets bonus & promo code
Robinhood lets you trade Yes/No event contracts (priced 1¢â99¢) inside its main app, with contracts listed and cleared through Kalshi. There’s no predictionâspecific bonus, but new Robinhood accounts receive $5â$200 in free stock (most users get the $5 tier) â no deposit and no promo code.
| Product | Yes/No event contracts via Kalshi, priced 1¢â99¢ |
| Welcome | $5â$200 in free stock on a new Robinhood account (most receive $5) |
| Fee | $0.02 per contract ($0.01 Robinhood + $0.01 exchange) |
| Markets | Sports, politics, economics, weather, crypto, entertainment |
| Regulator | CFTC â Robinhood Derivatives, LLC; contracts via KalshiEX |
| Account | Requires a Robinhood Derivatives account (margin or options approval) |
| Access | Prediction markets are mobile/appâonly |
| Withdrawals | No fee standard; 1.75% for instant (min $1, max $150) |
| Age | 18+ |
How to claim the Robinhood Predictions Prediction Markets offer
Robinhood vs other prediction markets
Robinhood is the easiest entry point if you already use the app; serious traders who want the full catalog and orderâbook tools should run a direct Kalshi account.
| Platform | Welcome offer | Promo code | Standout |
|---|---|---|---|
| Robinhood | $5â$200 free stock | None | Allâinâone app, $0.02 fee |
| Kalshi | $10 after $10 traded | None | Broadest catalog, USD funding |
| Polymarket | $50 on $20 deposit | None | Depth & low fees (crypto) |
| DraftKings Predictions | See sportsbook | None | DK ecosystem |
Robinhood Predictions banking, payouts & verification
| Fee | $0.02 per contract ($0.01 Robinhood + $0.01 exchange); moving to a probabilityâweighted model in 2026 |
| Robinhood Gold | $5/month subscription lowers the fee constant (5% vs 10%) |
| Funding | Link a US bank account; standard Robinhood funding |
| Withdrawals | No fee for standard; 1.75% for instant (min $1, max $150) |
| Account requirement | Robinhood Derivatives account (margin enabled or options approved) |
| Access | Prediction markets are appâonly |
| Age | 18+ |
Where Robinhood Predictions is legal
Robinhood Prediction Markets are available in all 50 states and DC for nonâsports (economic) contracts. Sports event contracts are currently restricted in Maryland, New Jersey and Nevada due to state disputes. Always confirm market availability inâapp.
Robinhood Predictions FAQ
Is Robinhood Predictions legal and regulated?
Is there a Robinhood predictionâmarkets bonus?
Where are sports contracts available?
Does Robinhood offer horse racing contracts?
Trade prediction markets on Robinhood
18+. CFTCâregulated event contracts via Kalshi. Trading involves risk; only trade what you can afford to lose.
21+ (18+ where noted). Gambling problem? Call 1â800âGAMBLER. agamble.com may earn a commission when you sign up through our links — this never affects our ratings. Offer terms are set by the operator and subject to change; always check the current terms inâapp.