Robinhood didn’t build a prediction market from scratch. It bolted one onto the app millions of Americans already use for stocks and crypto. Its Prediction Markets Hub lets you trade yes/no event contracts on sports, the economy, politics, weather and entertainment without leaving the app, and it has become one of the highest-volume on-ramps for event contracts in the country. This review covers how it works, where it’s legal and what it costs.
In our Robinhood Prediction Markets review 13 sections
- Robinhood Prediction Markets Bonus Code October 2026
- Robinhood Prediction Markets in brief
- Is Robinhood Prediction Markets legal, and where?
- Is there a Robinhood prediction markets promo code?
- How to use Robinhood Prediction Markets
- What it costs
- What you can trade
- How Robinhood compares
- Who owns Robinhood?
- Customer support
- Responsible trading
- Robinhood prediction markets in 2027
- More
Robinhood Prediction Markets Bonus Code October 2026
There is no Robinhood Prediction Markets bonus code to enter in October 2026. Here is the current Robinhood Prediction Markets new-customer offer, what it takes to claim it and the terms that matter.
Free stock worth $5 to $200 for new Robinhood accounts
New customers 21+ in eligible states. T&Cs apply.
| Robinhood Prediction Markets bonus code | GET! code applied automatically |
|---|---|
| Robinhood Prediction Markets bonus | Free stock worth $5 to $200 for new Robinhood accounts (most users receive $5) |
| Legal states | |
| Terms | New Robinhood customers 18+. Stock reward for opening and funding a brokerage account; it is not a prediction-market credit and must be sold before the value can be used to trade event contracts. |
| Special offers | None |
| Min. deposit or stake | Fund a new account |
| URL | robinhood.com |
| Verified by American.Bet | October 30, 2026 |
Robinhood Prediction Markets in brief
| Robinhood Prediction Markets | Details |
|---|---|
| Welcome offer | Free stock worth $5 to $200 for new Robinhood accounts (most users receive $5) |
| Operator | Robinhood Derivatives, LLC, a CFTC-registered futures commission merchant |
| Exchanges | KalshiEX, ForecastEx, Rothera Exchange and Clearing, North American Derivatives Exchange |
| Commission | Probability-weighted, capped at $0.01 per contract, plus exchange fees up to $0.01 |
| Minimum age | 18+ |
| Sports contracts unavailable | Maryland, Nevada; no new positions in Michigan |
Is Robinhood Prediction Markets legal, and where?
Yes, under federal law. Event contracts are offered by Robinhood Derivatives, LLC, a CFTC-registered futures commission merchant and National Futures Association member, through one of several CFTC-regulated exchanges: KalshiEX, ForecastEx, Rothera Exchange and Clearing, or North American Derivatives Exchange. You need to be 18 or older, a U.S. resident with an individual brokerage account, and approved for a Robinhood Derivatives account.
Sports contracts are where the state lines appear:
- Maryland and Nevada: residents can’t trade sports event contracts. Robinhood paused sports contracts in New Jersey and Nevada in March 2025 after cease-and-desist orders, then resumed and sued both states’ regulators in August 2025. It later froze Nevada sports contracts again after its injunction bid was denied.
- Michigan: a federal judge ordered Robinhood to stop opening new sports contracts for Michigan customers, effective September 9, 2026, and to close remaining positions by October 9. In return, Michigan agreed not to enforce its gambling laws against Robinhood while the arrangement lasts.
- Massachusetts: Robinhood’s federal case against Massachusetts regulators is on appeal at the First Circuit, with oral argument set for November 4, 2026.
- California tribes: on September 16, 2026, the Ninth Circuit found tribes led by Blue Lake Rancheria likely to succeed on their Indian Gaming Regulatory Act claim against Kalshi and Robinhood, and sent the case back to the district court.
- Missouri: the attorney general told Robinhood and other operators in September 2026 to follow state licensing, tax and age rules or stop sports contracts.
Additional state restrictions may apply, and Robinhood says the app lists the currently supported states.
Is there a Robinhood prediction markets promo code?
The current offer for new customers: Free stock worth $5 to $200 for new Robinhood accounts (most users receive $5). New Robinhood customers 18+. Stock reward for opening and funding a brokerage account; it is not a prediction-market credit and must be sold before the value can be used to trade event contracts.
No prediction-markets-specific promo code or welcome bonus. Robinhood’s new-user incentives sit at the brokerage account level, not the prediction hub, and their value and terms change. Treat third-party “Robinhood prediction code” claims with caution and check the app for current offers.
Robinhood has run prediction-market promotions for existing users, such as reduced commissions during big events.
How to use Robinhood Prediction Markets
- Open the Robinhood app (or sign up). Prediction markets live inside the same app as stocks and crypto.
- Apply for a Robinhood Derivatives account if you don’t already have one.
- Open the Prediction Markets Hub and pick an event.
- Buy Yes or No at a price between 1¢ and 99¢ (the implied probability). A correct contract settles at $1.00.
- Sell any time the market is open to lock in a profit or cut a loss.
What it costs
Robinhood changed its pricing on June 1, 2026. Commissions now follow a probability-weighted formula: commission = k × p × (1 − p) × contracts, where p is the price and k is 10%, or 5% with a Robinhood Gold subscription ($5 a month). Commissions are highest near 50¢ and lowest near 1¢ or 99¢, round up to the nearest cent, and never exceed $0.01 per contract. Exchange fees of up to $0.01 per contract apply on top, on both opening and closing trades.
That still compares well with the margin built into typical sportsbook odds. The trade-off is a stripped-down interface designed for simplicity rather than for optimizing execution.
What you can trade
Markets span sports, the Federal Reserve’s next rate decision, economic data, politics, weather, commodities and entertainment. In 2026 Robinhood used its new Rothera exchange for MLB contracts, Core PCE inflation and weekly jobless claims markets, and for World Cup match winners, spreads and totals, while player props and combos still ran through Kalshi.
How Robinhood compares
- vs Kalshi: Robinhood still routes many contracts to Kalshi’s exchange, so markets overlap. Robinhood wins on simplicity and a familiar app, Kalshi on depth and tools. See our Kalshi review.
- vs DraftKings Predictions and FanDuel Predicts: all are app front-ends to CFTC exchanges; Robinhood’s edge is its investing user base and low per-contract costs.
- vs Polymarket: Polymarket US is a single exchange with its own markets; Robinhood spreads orders across several exchanges behind one interface.
Who owns Robinhood?
Robinhood Prediction Markets is part of Robinhood Markets, Inc. (Nasdaq: HOOD), the brokerage co-founded and led by CEO Vlad Tenev. Robinhood is reducing its reliance on Kalshi by building its own venue: Rothera, the former MIAXdx (originally LedgerX), is controlled by a joint venture between Robinhood and trading firm Susquehanna International Group, and began listing contracts in May 2026.
Customer support
Robinhood offers in-app support, including live chat and a request-a-call option, plus a searchable help center. Prediction-market questions route through the same support system as the rest of the app.
Responsible trading
Trading event contracts carries risk of loss, and sports contracts work much like bets. Set limits before you start. If it stops being fun, call 1-800-GAMBLER or visit GambleAware.org, and for crisis support call or text 988. See our responsible gambling guide.
Robinhood prediction markets in 2027
First Circuit ruling on Massachusetts
The First Circuit hears Robinhood v. Campbell on November 4, 2026. A ruling for Massachusetts would put the First Circuit alongside the Sixth and Ninth Circuits on the states’ side of the split.
More volume on Rothera
Robinhood has been shifting markets from Kalshi to Rothera since May 2026. Expect more contract types to move to its own exchange, which keeps more of the fee.
Michigan arrangement
Robinhood’s Michigan pause lasts until the Sixth Circuit cases are finally resolved or Michigan’s state-court injunction against Kalshi is dissolved. Either event could reopen Michigan sports contracts.
What is the Robinhood Prediction Markets joining bonus code and sign-up offer for October 2026?
There is no Robinhood Prediction Markets bonus code to enter when you join. The sign-up offer is Free stock worth $5 to $200 for new Robinhood accounts (most users receive $5). Minimum: Fund a new account. New Robinhood customers 18+. Stock reward for opening and funding a brokerage account; it is not a prediction-market credit and must be sold before the value can be used to trade event contracts. Last verified by American.Bet on October 30, 2026.
Is Robinhood Prediction Markets legit?
Yes. It’s operated by Robinhood Derivatives, LLC, a CFTC-registered futures commission merchant, with contracts on CFTC-regulated exchanges including Kalshi and Rothera.
Is Robinhood Prediction Markets legal in my state?
Event contracts are available to approved users 18+, but sports contracts aren’t offered in Maryland or Nevada, and no new sports positions can be opened in Michigan. The app lists current supported states.
How much does Robinhood charge per contract?
A probability-weighted commission capped at $0.01 per contract (lower with Robinhood Gold), plus exchange fees of up to $0.01 per contract.
Do I need a separate account?
You use the same Robinhood app, but you need an approved Robinhood Derivatives account to trade event contracts.
Are Robinhood prediction market winnings taxed?
Gains are generally taxable. Talk to a tax professional about how to report them.
