Robinhood prediction markets: a famous app, a familiar engine

Data: official Kalshi settlements

Robinhood added prediction markets in March 2025 and they exploded — billions of event contracts traded within the first year, with "robinhood prediction markets" now a top related search for the whole category. What most users never get told plainly: Robinhood did not build an exchange. Its event contracts route through KalshiEX — the contracts, prices and settlement rules are Kalshi's, wearing Robinhood's interface.

What that means for you, practically

• Same contracts, same referee. A Fed decision or a crypto price market on Robinhood settles exactly as it does on Kalshi, because it is a Kalshi market. The settlement-source traps in our Kalshi vs Polymarket comparison apply with Kalshi's rules here.
• Convenience is the product. One app and one balance for stocks, crypto and event contracts; no new account to open. For a first-timer, that is a real advantage.
• You pay a wrapper fee. Combined costs run about 1–2¢ per contract per side (Robinhood's fee plus the underlying exchange fee) versus trading on Kalshi directly, where the exchange fee for most series follows the 0.07 × P × (1−P) formula.
• The catalog is a subset. Robinhood curates which Kalshi markets to surface and the tooling is lighter — fewer order types, less market depth on screen. Power users eventually open the exchange itself.

And the plot twist

Distribution worked so well that Robinhood has also moved to build exchange capacity of its own, including a joint venture with trading firm Susquehanna announced after the Kalshi partnership took off. The category is consolidating around a simple truth: whoever owns the audience gets the order flow. For traders, the venue matters less than understanding that the contract in front of you has a written settlement rule and a fee curve — both worth reading before the price.

Where our signals fit

Our signals track the 15-minute crypto markets on the underlying exchange, with a public record settled by that exchange's official results. If you trade those markets through Robinhood's app, the settlement referee is the same Kalshi — but always confirm the specific market is listed there, and remember fees differ by the door you walk in. New to the whole idea? Start with prediction markets explained, practice free in our DEMO, and only then decide which app deserves your money.

This site is not affiliated with Robinhood or Kalshi and receives nothing from either. Figures on Robinhood's volumes come from its public reporting.

Short answers

Are Robinhood prediction markets the same as Kalshi?

The contracts are: Robinhood's event contracts route through KalshiEX, Kalshi's CFTC-regulated exchange, so prices, markets and settlement rules are Kalshi's. What differs is the wrapper — Robinhood's app, its fee layer and a lighter toolset.

What fees does Robinhood charge on event contracts?

Expect roughly 1–2¢ per contract per side in combined fees (Robinhood's fee plus the underlying Kalshi exchange fee), so about 2–4¢ round trip. Kalshi's own exchange fee formula is 0.07 × P × (1−P) for most series when you trade there directly.

Can you trade 15-minute crypto markets on Robinhood?

Robinhood's event-contract catalog is a curated subset of Kalshi's markets — economics, sports, politics, culture and crypto price events — and it changes over time. The full 15-minute crypto strip lives on Kalshi itself; check the app's current list before assuming a specific market is there.

Educational content only — not financial advice. Prediction markets can lose you money: every contract that settles against you is worth $0. Adults 18+ only.