Robinhood Explores Global Expansion for Prediction Markets Amid Regulatory Challenges

Robinhood is actively pursuing international growth for its prediction markets, venturing beyond its established U.S. base. The platform, which has gained traction in sports predictions, aims to capitalize on the burgeoning demand for speculative markets worldwide. This MOVE follows the success of crypto-native platforms like Polymarket, despite regulatory hurdles that have forced some operators to exit certain jurisdictions.

The company is engaging with regulators, notably the UK Financial Conduct Authority, to navigate the ambiguous legal status of prediction markets—often caught between classification as financial instruments or gambling activities. Robinhood's U.S. operations already demonstrate strong momentum, with over 2 billion event contracts traded in Q3 alone, signaling robust market appetite.