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Platform

Robinhood Prediction Markets

Trade partner-exchange event contracts from the Robinhood mobile app, including supported custom combos and dollar-based entry orders.

3.5/ 5Editorial rating0 user reviews
Visit official siterobinhood.com
Available on
iOS, Android, Web research
Pricing
Robinhood commission is k × P × (1−P) × C, rounded up to a cent and capped at $0.01 per contract
Availability: public

Screenshots and interface

Product preview1 / 2

Robinhood Predictions — product features

What is Robinhood Prediction Markets?

Robinhood provides the customer account and order interface while partner exchanges supply the contracts. Its web board is useful for discovery, but the documented execution workflow is mobile-only and is not available in Robinhood Legend. Event-contract buying power uses settled cash.

Who it is for

  • Eligible Robinhood users accessing prediction markets
  • Users who prefer dollar-based order sizing
  • Sports traders evaluating supported custom combos

Features and coverage

Available on
iOS, Android, Web research
Markets & venues
Kalshi, ForecastEx, Rothera, Nadex
Research topics
Broker access, Event-contract combos
  • Public market board

    Browse sports, climate, economics and other categories.

  • Mobile execution

    Manage orders and positions in the app.

  • Dollar entry

    Let the app calculate quantity within an entered budget.

  • Contract sizing

    Enter a whole-contract quantity for opening limit orders.

  • IOC orders

    Fill immediately at the available price or cancel the remainder.

  • GTD limits

    Rest an order until filled or the next calendar day at 3 AM ET.

  • Custom combos

    Combine up to ten supported legs into a single contract.

  • Early closing

    Close positions through the account’s position view.

Workflows with Robinhood Prediction Markets

Choose an order type

Use dollar entry for a capped budget or contract sizing for a custom GTD limit.

Evaluate a combo

Check all legs, the combined quote and the fact that the legs cannot be closed separately.

Reconcile costs

Include both Robinhood commission and the underlying exchange’s charge on entry and exit.

Pricing and total cost

Robinhood commission is k × P × (1−P) × C, rounded up to a cent and capped at $0.01 per contract. The coefficient k is 0.10 without Gold and 0.05 with Gold, listed at $5/month. Exchange fees are additional and can be up to $0.01 per contract. Both entry and closing trades can incur charges.

Getting started

Before you start: Web is for viewing; trading is documented as mobile-only.

  1. Open Prediction markets in the mobile app.
  2. Apply for a Robinhood Derivatives account.
  3. Confirm residency and state/product eligibility.
  4. Use settled available cash.
  5. Select event, side and order type.
  6. Review commission, exchange fee and total cost before submitting.

Useful links

    What to check

    • Web is for viewing; trading is documented as mobile-only.
    • Instant ACH deposit credit is not available for event-contract buying power.
    • Custom combos use fill-or-kill and cannot be split into separate legs.
    • Sports access has state restrictions, including Maryland and Nevada, with Michigan restricted from opening new sports positions in the reviewed rules.
    • Fractional quantities and sub-penny prices depend on the particular market.

    A closer look

    Ratings & reviews

    Write a review
    Editorial rating
    3.5/ 5
    0 user reviews
    Polytoolhub editorial

    Our take on Robinhood Prediction Markets

    Documented sizing and commission mechanics make mobile event-contract access understandable. Web is view-only, exchange charges are additional, and eligibility depends on the account and partner contract.

    Based on documented features, setup and access terms. How we rate

    User reviews 0

    The main score switches to user ratings after 5 published reviews.

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    Frequently asked questions about Robinhood Prediction Markets

    Can I trade these in Legend?

    The support guide says no.

    When does a GTD order expire?

    At 3 AM ET on the next calendar day.

    Can I close one leg of a custom combo?

    No; it trades as one contract.

    Does Gold eliminate all fees?

    No; it reduces the Robinhood coefficient and exchange fees remain separate.