If you already use Robinhood for stocks or crypto, you can be trading prediction markets in under two minutes. No new app, no new account, no new funding wallet, no new pricing language to learn. For the 25 million Americans who already have a Robinhood account or one of the top event trading platforms in the U.S., this is by some distance the lowest-friction entry into the prediction-market category.
The product runs on Kalshi’s regulated exchange in the background — every event-contract trade you place on Robinhood is routed through Kalshi’s plumbing — but the interface is pure Robinhood. The same clean lines, the same one-tap workflow, the same minimalist UX that broke open commission-free stock trading a decade ago. The fee is $0.02 per contract — the lowest in the prediction-market category.
The welcome bonus, fair warning, isn’t predictions-specific. New Robinhood accounts get a free stock reward worth between $7 and $175 — though Robinhood’s own signup page admits 96% of rewards land in the $7–$8 range. After a three-day holding period, you can sell the stock and use the proceeds however you want — including for event contracts. The promo code ROBINHOOD is sometimes used as a fallback identifier, but in most sign-up flows nothing needs to be entered.
Available in all 50 states plus DC for non-sports markets, sports in 47 states (Maryland, Nevada and New Jersey are blocked for sports specifically), 18+ only.
So, What is Robinhood Predictions?
Robinhood Predictions is the event-contract trading product built into the main Robinhood app — there’s no separate “Predictions” app to download. You enable it by applying for a derivatives account inside the app, which involves a short in-app assessment of your trading experience. Approval is usually instant. Once enabled, the Predictions Hub appears in your navigation alongside stocks, crypto and options.
Every contract is priced between $0.01 and $0.99 and pays $1 if your Yes/No prediction is correct, $0 if wrong. The price you pay is the literal probability — buy Yes at 35¢ and you’re saying the market thinks there’s a 35% chance the event happens. No American odds. No decimal multipliers. No format switching by tab. Just clean percentages.
The market catalog covers sports (NBA, NFL, NHL, MLB, college, World Cup soccer, tennis, golf, UFC, racing, chess and major esports), politics, economics, climate, technology, crypto, FX and financial indices.
The Easy Alternative That Finally Delivers
For a category that’s spent two years promising to be a simpler alternative to sports betting, Robinhood is the platform that actually pulls it off.
Robinhood uses percentages. Every market, every category, same format. The Lakers to win at 35¢. The Fed holding rates at 74¢. Bitcoin above $70k by Friday at 12¢. No math, no decoding, no “what does +488 mean again?” The price is the probability. That’s it.
The tradeoff: getting access requires applying for derivatives trading inside Robinhood — a short assessment of your trading experience and financial situation — and the product is lighter on standalone features than the competition. No player prop contracts the way DraftKings has them. No sports contract combos.
No bet-slip-style accumulator builder. If you want sports-betting features wrapped around an event-contract engine, go DraftKings. If you want the cleanest, simplest version of the prediction-market experience inside an app you probably already use, Robinhood is it.
There’s a bigger story under the hood worth knowing. In November 2025, Robinhood acquired 90% of MIAX Derivatives Exchange in a joint venture with Susquehanna International — meaning Robinhood is quietly building its own exchange rather than relying solely on Kalshi long-term.
The new Robinhood-owned exchange is expected to launch in 2026. From a user perspective, nothing changes — the same product, the same prices, the same percentage-based UX. The plumbing underneath just becomes more integrated.
Robinhood Predictions at a Glance
| Bonus | Free stock worth $7–$175 (96% of rewards are $7–$8) · not predictions-specific |
| Promo Code | ROBINHOOD (auto-applied, no code entry usually needed) |
| Terms | 3-day stock holding period · derivatives account approval required in-app |
| States | All 50 + DC for non-sports. Sports in 47 — excluded for sports: MD, NV, NJ |
| Sports Markets | NBA, NFL, NHL, MLB, college sports, soccer (World Cup), tennis, golf, UFC, racing, chess, esports (Valorant, CS2, COD) |
| Other Markets | Politics, economics, climate, technology, crypto, FX, financials (Nasdaq, S&P 500) |
Robinhood Predictions Promo Code ROBINHOOD: What is the Welcome Bonus?
Robinhood Predictions Promo Code ROBINHOOD: How the Welcome Bonus Works
Robinhood Predictions does not use a traditional promo code in the way DraftKings or FanDuel do. The welcome offer is auto-applied to every new Robinhood account at sign-up — there is no separate field to enter a code, and there’s no “Predictions-specific” bonus that operates differently from the broader Robinhood welcome offer. If a prompt asks for a referral or promo code, the brand identifier ROBINHOOD is the simple reference, but in most flows nothing needs to be typed.
What new users actually receive is a free stock reward worth between $7 and $175 (last verified 2026), with 96% of rewards landing in the $7 to $8 range per Robinhood’s own signup terms. The stock is delivered to your portfolio immediately upon account funding. After a 3-day holding period, you can sell the stock and use the proceeds for any Robinhood trading activity — including event contracts. There’s no requirement to use the proceeds for stocks specifically.
This isn’t a prediction-markets-specific bonus the way DraftKings’ $200 in Predictions Dollars or FanDuel’s $25 Predicts Bonus is. It’s Robinhood’s general new-account welcome reward, which happens to be usable across all the products Robinhood offers, including event contracts. That said, the convertibility is genuine — once you sell the stock after the 3-day hold, the cash is real and trades on the prediction markets exactly like any other deposit.
Robinhood Predictions Promo · 2026
Free stock bonus up to $175, Robinhood Predictions code auto-applied
Robinhood doesn’t run a prediction-specific promo. New users get a free stock reward (typically $7–$8, occasionally up to $175) that converts to event-contract capital after a 3-day hold.
Robinhood Welcome Stock
Free stock worth up to $175 on sign-up
Auto-delivered to your portfolio upon funding. Sell after a 3-day hold and use the proceeds for event-contract trading.
Derivatives Account Access
Enable Predictions Hub in under 2 minutes
If you already trade stocks or crypto on Robinhood, just apply for derivatives access in-app to unlock event contracts.
How to claim the Robinhood Predictions bonus, step by step
- Download the Robinhood app from the Apple App Store or Google Play (no separate “Predictions” app — prediction markets are integrated into the main Robinhood app)
- Create a new account or sign in with existing credentials. Standard brokerage KYC applies: name, date of birth (18+ required), address, SSN, and answers to suitability questions
- Enter promo code ROBINHOOD if prompted at sign-up — though in most flows the welcome stock is applied automatically without any code entry
- Fund your account via debit card, bank transfer, wire transfer or supported crypto deposits
- Apply for a derivatives account within the app — this is the additional step Robinhood requires before the Predictions Hub appears. The application is a brief in-app assessment of trading experience and financial situation; approval is typically instant
- Receive your free welcome stock — typically worth $7–$8, though some users receive up to $175
- Hold the stock for at least 3 days, then sell to convert it to cash
- Use the proceeds (or any other deposited funds) to trade Yes/No contracts in the Predictions Hub at $0.02 per contract
A note on fees: standard ACH withdrawals are free; instant withdrawals carry a 1.75% processing fee. Per-contract trading fees of $0.02 apply to every event contract trade.
What You Can Trade
Robinhood Predictions inherits Kalshi’s full market catalog through the brokerage integration, then layers it inside the familiar Robinhood UX. The depth is solid across most verticals, though sports unsurprisingly drives the most volume.
Sports
The full Kalshi sports catalog routes through Robinhood: NBA, NFL, NHL, MLB, college football and basketball, soccer (full 2026 World Cup coverage), tennis, golf, UFC, motor racing, boxing, chess and major esports — Valorant, Counter-Strike 2 and Call of Duty all trade as event contracts. Sports markets aren’t available in Maryland, Nevada or New Jersey due to state regulator pushback, but every other state has the full catalog. The Lakers to win tonight at 35¢. World Cup winner contracts running through the final. NBA Finals MVP futures. NFL Sunday spread-and-total derived markets.
Politics
The 2026 midterm primary season is live across both parties, with state-by-state markets on every Senate, House and gubernatorial race. The 2028 Democratic and Republican presidential nominee markets are active and well-traded. Congressional outcome markets, party control of the House and Senate, and individual race futures all carry the same percentage-based pricing as the rest of the platform.
Crypto
Bitcoin and Ethereum price targets across multiple timeframes, plus shorter-term up/down contracts. The crypto depth is lighter than Polymarket’s catalog of 310+ crypto markets, but the basics are well-covered for retail traders — daily and weekly price targets on the major assets, monthly resolution contracts, and occasional event-driven markets around protocol upgrades or notable on-chain activity.
Economy & Financials
Every major US macro data point trades as an event contract: CPI inflation prints, Federal Reserve rate decisions, GDP releases, jobs reports, unemployment readings. Plus financial-index markets on S&P 500 and Nasdaq-100 closing ranges — daily, weekly, monthly and year-end resolution. Foreign exchange markets cover the major USD pairs.
Climate & Tech
Named Atlantic storms get individual markets covering landfall predictions and intensity outcomes. Regional temperature contracts run on city-by-city benchmarks. Technology markets cover AI model release timing, SpaceX launch counts, and product launch dates for major tech companies. The vertical is lighter than Kalshi’s native Tech & Science catalog but covers the headline markets most retail traders are looking for.
Side-by-Side · Prediction Market Apps · 2026
Robinhood Predictions vs Kalshi, DraftKings, FanDuel Predicts & Polymarket
A direct comparison across legal states, pricing format, fees and what each prediction market app is genuinely best for. All five operate under federal CFTC regulation; the differences are in interface, geography, fees and product depth.
| Platform | States | Pricing Format | Standout Strength | Main Trade-Off |
|---|---|---|---|---|
This Review
Robinhood Predictions
Powered by Kalshi · $0.02/contract | All 50 states Sports in 47 (excludes MD, NV, NJ) | Cents ($0.01–$0.99) True percentage pricing | Lowest-friction entry for existing Robinhood users · cleanest “Yes/No no math” pricing · all 50 states for non-sports | No player props, no parlays · welcome bonus isn’t prediction-specific |
Kalshi
Standalone CFTC-licensed exchange | All 50 states Sports nearly everywhere legal | Cents ($0.01–$0.99) True percentage pricing | Volume leader with the deepest market selection across sports, politics, economics, weather and culture | Steeper learning curve for casual users |
DraftKings Predictions
Code: DRAFTKINGS · CME + Crypto.com | 38 states Sports in 17 | American odds (+900, -1567) | $200 Predictions Dollars bonus · player props · sports contract combos (parlays) | Requires American-odds literacy · not in PA, OH, NV |
FanDuel Predicts
Code: FANDUEL · CME Group | All 50 states Sports in 18 | Mixed: American odds + decimal (2.77x) | $25 Predicts Bonus · $200–$300M Flutter commitment · Delaware sports access | No player props or contract combos yet · $25 bonus only in 18 states |
Polymarket
Crypto-native · USDC stablecoin | All 50 states via QCEX acquisition | Cents ($0.01–$0.99) True percentage pricing | World’s largest prediction market by user base · deepest global politics markets | Requires crypto wallet setup, no fiat-only path |
Robinhood Predictions Legal States: Full 2026 List
All 50 states + DC: nationwide non-sports market access
Robinhood Predictions mobile app is available to all 50 US states plus Washington, DC, for non-sports markets — politics, elections, economics, climate, technology, crypto, FX, financials, and culture. There are no geographic geo-blocks on non-sports event contracts. This is the broadest US prediction-market coverage of any platform in the category alongside Kalshi.
The 47 states where Robinhood Predictions sports event contracts are live
Sports event contracts are available in 47 of the 50 US states plus DC. Robinhood Predictions does not offer sports contracts in:
- Maryland — state regulator restrictions on sports-related derivatives
- Nevada — state gaming control board pushback on prediction-market sports competing with state-licensed sportsbooks
- New Jersey — state regulatory interpretation of CFTC sports event contracts vs state-licensed sportsbook market
In all other 47 states + DC, the full sports market catalog is available including NBA, NFL, NHL, MLB, college football, college basketball, soccer (2026 World Cup), tennis, golf, MMA, boxing and major esports.
Notable inclusions: California, Texas, Florida, Georgia, Alabama and every other state where traditional online sports betting is illegal — Robinhood Predictions covers all of them for sports event contracts.
Where Robinhood Predictions might be impacted in the future
Several states have ongoing legal challenges against prediction-market platforms generally (Nevada, Wisconsin, New Mexico, Kentucky and others). These challenges target sports event contracts specifically and don’t generally affect non-sports markets. State availability for sports may change as cases are litigated; non-sports coverage is generally considered settled under federal CFTC preemption.
State availability is determined by your residential address on file, not your current physical location.
Who Is Robinhood Predictions App Best For?
Best for existing Robinhood users. If you already have a Robinhood account for stocks, crypto or options, prediction markets are one derivatives-account approval away. No new app, no new login, no new funding. For the company’s 25 million existing users, this is by far the lowest-friction entry into the prediction-market category.
Best for first-time prediction-market users who want the genuine “Yes/No, no math” experience. Robinhood’s cent-priced contracts mean the price you pay is the implied probability. No American odds to decode, no decimal multipliers to convert. If you’ve ever been put off prediction markets because the pricing looked like sports betting, Robinhood is the platform that finally delivers on the simpler pitch.
Best for users in Pennsylvania, Ohio, Nevada and other states where DraftKings Predictions doesn’t operate. Robinhood’s nationwide non-sports coverage makes it accessible in states that block other major prediction-market platforms. You won’t get sports in Maryland, Nevada or New Jersey, but you’ll get everything else.
Best for fee-sensitive traders. The $0.02 per contract fee is one of the lowest in the prediction-market category, and there are no commission spreads or hidden vig the way a traditional sportsbook applies. For high-volume traders, the fee structure is genuinely competitive with native Kalshi.
Best for cross-asset retail investors. If you want to see your event contract positions alongside your stocks, ETFs, options and crypto in one portfolio view, Robinhood is the only platform that integrates this way. Useful for users who think about prediction markets as part of a broader investment portfolio rather than a separate gambling-adjacent product.
Not the best fit for: users in Maryland, Nevada or New Jersey who want sports contracts (use Kalshi directly instead); users who want player prop contracts or parlay-style combos (use DraftKings Predictions); crypto-native users wanting global politics markets (use Polymarket); users who specifically want a sportsbook-style interface with familiar bet-slip mechanics (use FanDuel Predicts or DraftKings); users who don’t already use Robinhood for any other product and don’t want to set up another brokerage account.
Robinhood Predictions FAQs
Is Robinhood Predictions legal? Yes. Robinhood Predictions operates under federal CFTC regulation through Robinhood Derivatives, LLC, a CFTC-registered subsidiary, with trades routed through Kalshi’s CFTC-licensed exchange. The platform is legal to use in all 50 US states for non-sports markets and in 47 states for sports markets (Maryland, Nevada and New Jersey block sports contracts specifically).
Is Robinhood Predictions legal in California? Yes. Robinhood Predictions is fully available to California residents 18+ for all market categories including sports, politics, economics, crypto and climate. California’s prohibition on traditional online sports betting doesn’t affect Robinhood Predictions because the platform operates under federal CFTC regulation, not state gambling law.
Is Robinhood Predictions legal in Texas? Yes. Texas residents have full access to the Robinhood Predictions market catalog including all sports event contracts (NBA, NFL, NHL, MLB, college football and college basketball).
Is Robinhood Predictions legal in Florida? Yes. Florida residents can trade the full Robinhood Predictions market slate, including sports contracts, despite Florida having an exclusive sports betting agreement with the Seminole Tribe through Hard Rock Bet.
Is Robinhood Predictions legal in New York? Yes — for non-sports markets. Sports event contracts are available to NY residents through Robinhood Predictions (NY is not one of the three restricted states for sports — those are Maryland, Nevada and New Jersey only).
Is Robinhood Predictions legal in Maryland, Nevada and New Jersey? Partially. Residents of all three states can use Robinhood Predictions for non-sports markets (politics, economics, climate, technology, crypto). However, sports event contracts are not available in these three states due to state-level regulator pushback on sports-related derivatives.
Do I need a Robinhood account to use Robinhood Predictions? Yes. Robinhood Predictions is integrated into the main Robinhood app — there is no standalone Predictions app or web product. New users sign up for the standard Robinhood brokerage account, then apply for a derivatives account within the app to enable event-contract trading.
Is there a separate Robinhood Predictions promo code? No. Robinhood doesn’t run a prediction-markets-specific promo code system the way DraftKings (DRAFTKINGS) or FanDuel (FANDUEL) do. The brand reference ROBINHOOD is sometimes used as a fallback identifier, but in most sign-up flows nothing needs to be entered — the standard new-account welcome stock reward applies automatically.
What is the Robinhood Predictions welcome bonus? New Robinhood accounts receive a free stock reward worth between $7 and $175, with 96% of users receiving stock in the $7–$8 range. After a 3-day holding period, the stock can be sold and the proceeds used for any Robinhood trading activity including event contracts.
Can I use Robinhood Predictions if I’m already a Robinhood stock trader? Yes — and this is the platform’s biggest advantage. Existing Robinhood users only need to apply for derivatives account access (a brief in-app assessment) to enable the Predictions Hub. No new account, no new funding, no new app.
What are the fees on Robinhood Predictions? $0.02 per contract trading fee. No fees on standard ACH withdrawals; 1.75% fee for instant withdrawal processing. Robinhood pays variable interest on uninvested cash balances.
Do I need to know American odds to use Robinhood Predictions? No. Robinhood Predictions uses true percentage pricing (cents) rather than American odds. A contract priced at 35¢ means the market thinks there’s a 35% probability of the outcome — the price is the probability. This is the cleanest implementation of the prediction-market pricing model in the US, and the most beginner-friendly entry point in the category.
Can I withdraw real money from Robinhood Predictions? Yes. Trading profits from event contracts are real, withdrawable USD. Standard ACH withdrawals are free with no holding periods beyond standard brokerage settlement; instant withdrawals carry a 1.75% fee.
What is the minimum age for Robinhood Predictions? 18 in all eligible states — three years lower than the typical 21+ threshold for state-licensed sportsbooks. The in-app verification step will confirm eligibility based on your state of residence.
Are Robinhood Predictions winnings taxed differently than sports betting? Potentially yes. Because Robinhood Predictions operates under CFTC regulation as event contract trading rather than as gambling, winnings may be treated as capital gains rather than gambling income for federal tax purposes — which can be more favorable depending on holding period and overall tax situation. This is not tax advice; consult a CPA familiar with CFTC-regulated event contracts before filing.
Does Robinhood Predictions offer parlays or contract combos? No. Robinhood Predictions is single-contract trading only. Sports contract combos (parlay-style products) are currently a DraftKings Predictions feature only.
Does Robinhood Predictions offer player prop contracts? Not as of 2026. Player prop contracts on NFL touchdown scorers, NBA assists and similar markets are currently a DraftKings Predictions exclusive via their Crypto.com partnership.
How does Robinhood Predictions compare to Kalshi? Robinhood Predictions is powered by Kalshi’s underlying exchange, so the market catalog and pricing are largely the same. The differences are in interface, fees and product packaging: Robinhood wraps the Kalshi market catalog in the Robinhood app’s signature low-friction interface and charges $0.02 per contract; Kalshi offers the same markets natively with deeper analytics, more granular trading tools and direct exchange access. For beginners, Robinhood is the easier entry; for serious traders, Kalshi’s native platform is the natural graduation.
How does Robinhood Predictions compare to DraftKings Predictions? Robinhood is broader geographically (50 states for non-sports vs DK’s 38) and uses true percentage pricing rather than DK’s American-odds format. DraftKings has more product features (player props, sports contract combos), a bigger and Predictions-specific welcome bonus ($200 vs Robinhood’s general $7–$175 stock reward), and a sportsbook-style interface aimed at existing DK users. For Robinhood users or fee-sensitive traders, Robinhood wins; for sports-betting-trained users, DraftKings wins.
How does Robinhood Predictions compare to FanDuel Predicts? Robinhood is available in all 50 states for non-sports markets (including PA, OH, NV — states where FanDuel Predicts is also nationwide). For sports, Robinhood covers 47 states (excludes MD, NV, NJ) while FanDuel covers 18 specific states. Robinhood uses percentage pricing; FanDuel uses mixed American/decimal formats. Robinhood has no Predictions-specific bonus; FanDuel offers $25.
How does Robinhood Predictions compare to Polymarket? Polymarket is crypto-native (USDC stablecoin), runs on decentralized exchange infrastructure, and offers the deepest global politics markets and the largest user base globally. Robinhood is fiat-only, US-bank-compatible, federally CFTC-regulated, and designed for US retail investors. For crypto-native traders wanting global market depth, Polymarket; for US retail users wanting the easiest fiat-rail entry, Robinhood.
