Morning Minute: Robinhood Pushes Deeper Into Prediction Markets

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s apical news:

• Crypto majors mixed with BTC starring astatine $87,400

• Coinbase rolled retired respective caller products including prediction markets, stocks, equity perps, DEX and more

• DTCC to contented tokenized securites connected Canton Network

• Citadel and different banks program to walk $100M to antagonistic crypto walk successful 2026 elections

• Uniswap submits last connection to crook interest power on, pain 100M UNI

Robinhood isn’t treating prediction markets similar an experimentation anymore.

They’re leaning each the mode in.

Robinhood announced an enlargement of its prediction markets offering, adding caller NFL player-performance contracts alongside accepted crippled outcomes.

Users tin present commercialized connected events similar touchdowns and yardage totals, beyond conscionable winners and spreads.

The institution besides introduced “preset combo” contracts, which bundle aggregate outcomes from a azygous crippled into 1 commercialized that lone pays retired if each conditions are met - efficaciously a parlay-style product.

Robinhood said custom-built combos, wherever users make their ain bundled outcomes, are planned for rollout successful 2026.

The steadfast besides framed prediction markets arsenic a standalone merchandise line, pointing to a increasing hub with thousands of unrecorded contracts crossed sports, politics, economics, and taste events.

And they noted that it’s their fastest-growing gross line.

“Robinhood is ushering successful a caller epoch successful which AI and prediction markets volition travel unneurotic to alteration the aboriginal of concern and news.”

“I judge we’re astatine the precise opening of a prediction marketplace supercycle and arsenic it progresses, we should expect to spot adoption and volumes continuing to grow, perchance into the trillions of contracts traded each year.” - Vlad Tenev, Robinhood CEO

“Robinhood and Coinbase going hard connected Prediction Markets and each large institution looking to follow 1 oregon physique a strategy astir them.” - Farokh Sarmad, President and Co-Founder of Myriad

Prediction markets are intelligibly booming.

What’s missing is heavy liquidity, distribution, and scale.

Power players similar Robinhood leaning successful tin assistance lick those issues.

A batch of innovative usage cases of prediction markets (i.e. insurance, hedging against atrocious weather, etc.) are large successful mentation but not operationally imaginable close present owed to constricted marketplace size.

Once these markets are much mature, with much players and deeper liquidity, these kinds of usage cases tin beryllium unlocked.