Why we rate Robinhood Predictions
Robinhood brought prediction markets to a mainstream audience by wrapping Kalshi’s CFTC‑regulated contracts inside its world‑class 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 ultra‑low $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 order‑book visibility, and sports contracts blocked in MD, NJ and NV. Ideal for existing Robinhood users.
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What we like
- Trade event contracts inside a world‑class app alongside stocks & crypto
- Ultra‑low $0.02 per contract flat fee
- CFTC‑regulated (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 order‑book visibility or contract‑volume data
- Sports contracts restricted in MD, NJ and NV
- Must enable a Robinhood Derivatives account (margin/options approval)
- No dedicated prediction‑markets bonus — only the account free‑stock offer
Robinhood Predictions Prediction Markets bonus & promo code
Robinhood lets you trade Yes/No event contracts (priced 1¢–99¢) inside its main app, with contracts listed and cleared through Kalshi. There’s no prediction‑specific bonus, but new Robinhood accounts receive $5–$200 in free stock (most users get the $5 tier) — no deposit and no promo code.
| Product | Yes/No event contracts via Kalshi, priced 1¢–99¢ |
| Welcome | $5–$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 — Robinhood Derivatives, LLC; contracts via KalshiEX |
| Account | Requires a Robinhood Derivatives account (margin or options approval) |
| Access | Prediction markets are mobile/app‑only |
| 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 order‑book tools should run a direct Kalshi account.
| Platform | Welcome offer | Promo code | Standout |
|---|---|---|---|
| Robinhood | $5–$200 free stock | None | All‑in‑one 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 probability‑weighted 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 app‑only |
| Age | 18+ |
Where Robinhood Predictions is legal
Robinhood Prediction Markets are available in all 50 states and DC for non‑sports (economic) contracts. Sports event contracts are currently restricted in Maryland, New Jersey and Nevada due to state disputes. Always confirm market availability in‑app.
Robinhood Predictions FAQ
Is Robinhood Predictions legal and regulated?
Is there a Robinhood prediction‑markets bonus?
Where are sports contracts available?
Does Robinhood offer horse racing contracts?
Trade prediction markets on Robinhood
18+. CFTC‑regulated event contracts via Kalshi. Trading involves risk; only trade what you can afford to lose.
21+ (18+ where noted). Gambling problem? Call 1‑800‑GAMBLER. 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 in‑app.