The Robinhood promo code is ROBINHOOD. Open a new Robinhood account and you get a free stock worth between $5 and $200; then you can trade event contracts in the same app.
Robinhood’s prediction markets sit inside its main investing app. Contracts are offered through four regulated exchanges, KalshiEX, ForecastEX, Rothera Exchange and Clearing, and Crypto.com Derivatives North America, and you need an approved Robinhood Derivatives account to trade them.
Below: how the free stock works, the state limits on event contracts, how Robinhood compares with the other big apps, and our verdict.
Claim the Robinhood Promo Code ROBINHOOD
Robinhood · Prediction market
Free stock worth $5–$200
Terms: New Robinhood customers, US residents. About 99% of rewards are $5. Event contracts need an approved Robinhood Derivatives account, 18+. Gambling problem? Call 1-800-MY-RESET.
Robinhood Promo Code & Free Stock Offer
| Promo Code | ROBINHOOD |
| Welcome Offer | Free stock worth $5 to $200 |
| Odds | About 99% get $5, 0.9% get $10, 0.1% get $200 |
| Claim Window | 60 days |
| Selling | Not for 3 trading days |
| Event Contracts | Approved Robinhood Derivatives account, 18+ |
| Exchanges | KalshiEX, ForecastEX, Rothera, Crypto.com Derivatives North America |
| Where to Trade | Robinhood mobile app only |
| iOS Rating | 4.30 from about 4.9 million ratings (main app) |
How the Robinhood Free Stock Works
New US customers get one free stock with a cash value between $5 and $200. Robinhood’s terms say about 99% of rewards are worth $5, 0.9% are $10 and 0.1% are $200.
Claim the stock within 60 days. Once it’s in your account, you can’t sell it for three trading days.
Other prediction market offers
DraftKings Predictions · Prediction market
Spend $5, get $200 in Predictions Dollars
Terms: 18+. New DraftKings customers. First trade of $5+ on DraftKings Predictions. $200 in Predictions Dollars paid over 21 days. Must be in an eligible state. Gambling problem? Call 1-800-MY-RESET.
FanDuel Predicts · Prediction market
Up to $100 in Predicts Bonus
Terms: 18+. New customers in AL, AK, CA, DE, FL, GA, HI, ID, MN, NE, NM, ND, OK, RI, SC, SD, TX, UT. $20 Predicts Bonus for each day you trade $1+, for 5 days. Each bonus expires 24 hours after it's credited. Gambling problem? Call 1-800-MY-RESET.
Kalshi · Prediction market
Trading bonus for new members
Terms: 18+. US residents with an SSN. New members only. Add a code within 72 hours of creating your account. Bonus amount and trading requirement shown in your offer. Gambling problem? Call 1-800-MY-RESET.
How Robinhood Prediction Markets Work
Inside the investing app
Event contracts live in the Robinhood mobile app. You can browse prediction markets on the web, but trading happens in the app only.
Four exchanges behind the contracts
Robinhood offers contracts through KalshiEX, ForecastEX, Rothera Exchange and Clearing, and Crypto.com Derivatives North America. The exchange for each contract is shown in the app.
State limits
Residents of Maryland, Michigan and Nevada can’t trade sports contracts. Since November 2, 2026, Ohio residents can’t open new sports contracts, and Utah residents can’t open new sports, culture, elections or politics contracts.
How to Use Robinhood Promo Code ROBINHOOD
- Download the Robinhood app and sign up as a new customer.
- Use ROBINHOOD to claim the free stock offer.
- Claim your stock within 60 days.
- Apply for a Robinhood Derivatives account to unlock event contracts; you must be 18 or older.
- Find prediction markets in the app and start trading.
How Robinhood Compares
| App | Promo Code | Welcome Offer | Minimum Age | Sports Contracts | iOS Rating |
|---|---|---|---|---|---|
| DraftKings Predictions | DRAFTKINGS | $200 in Predictions Dollars over 21 days | 18+ | 17 states | 4.87 (19,786) |
| FanDuel Predicts | FANDUEL | Up to $100 in Predicts Bonus | 18+ | Non-sportsbook states | 4.78 (6,874) |
| Kalshi | KALSHI | Trading bonus | 18+ | Varies by state | 4.82 (682,435) |
| Polymarket US | LOCALS | $25 trading bonus | 18+ | Varies by state | 4.56 (65,866) |
| Robinhood | ROBINHOOD | Free stock, $5–$200 | 18+ | Not MD, MI, NV; no new in OH, UT | 4.30 (4.9M, main app) |
Ratings are US App Store averages, checked November 2026. Robinhood’s figure is for its main investing app, where event contracts live.
Our Tip: How to Use the Robinhood Offer Smartly
- Expect $5. That’s what 99% of new customers get; anything more is a bonus.
- Hold the stock three trading days. You can’t sell it sooner.
- Check your state first. Sports contracts are off in MD, MI and NV, with new limits in Ohio and Utah.
- Trade in the app. The web shows markets but doesn’t take trades.
- Look at which exchange a contract trades on. Terms and settlement come from that exchange.
- Set limits.
Verdict: Is Robinhood Worth It for Prediction Markets?
Robinhood’s draw is convenience: event contracts sit next to your stocks and crypto, routed to four regulated exchanges. The welcome offer is modest, since most people get a $5 stock, and the state limits on sports contracts are the tightest of the big apps.
If you already invest with Robinhood, it’s an easy way to try prediction markets. For a bigger welcome offer, DraftKings Predictions and FanDuel Predicts pay more.
Robinhood Promo Code FAQs
ROBINHOOD. New US customers get a free stock worth $5 to $200.
About 99% of rewards are $5, 0.9% are $10 and 0.1% are $200, according to Robinhood’s US terms.
KalshiEX, ForecastEX, Rothera Exchange and Clearing, and Crypto.com Derivatives North America.
Maryland, Michigan and Nevada. Since November 2, 2026, Ohio residents can’t open new sports contracts, and Utah residents can’t open new sports, culture, elections or politics contracts.
No. You can view them on the web, but trading is in the Robinhood mobile app only.
