You can trade Robinhood event contracts on 13 categories, but only through the mobile app. Sports offers one of the largest selections, including the NFL, NBA, tennis, baseball, and other competitions. Other categories include economics, crypto, climate, politics, and entertainment, although some have fewer markets than others.
Sports traders can also combine up to 10 eligible outcomes, and climate traders have fewer selections spanning temperature and rainfall. As such, we reached the conclusion that Robinhood best works for mobile traders who want access to popular event markets, particularly sports, as opposed to in-depth coverage of every category.
Before anything else, Robinhood only allows prediction trading via its mobile app. The website is just for viewing. To get started, download the app, register for an account, complete identity verification, and apply for approval to trade event contracts through a Robinhood Derivatives account. Once approved, you can fund your account and start trading eligible prediction markets.
Event contracts contain what you think will happen regarding a topic. At Robinhood, you find these contracts listed in up to 13 categories. If you make the correct prediction, Robinhood pays you $1 per contract. However, if you’re wrong, there’s no payout.
Each contract has a price, which is like feedback about what traders collectively think will happen. So if the price for a “Yes” outcome is higher, it means more traders currently have that opinion than the outcome associated with “No.” But then again, prices don’t determine how an event turns out.
Sometimes you may notice that the probability and a “Yes or No” price differ; it’s not the app misbehaving. It’s just that the displayed percentage is showing the last trade. Yes and No prices show live order-book quotes.
Here are the numerous event contract categories you’ll find at Robinhood:
Robinhood is quite serious about this category. There are all the popular sports we can think of, such as the NBA, NFL, college football, tennis, and baseball.
The full list includes boxing, chess, college basketball (M), cricket, Canadian football, esports, golf, MMA, NHL, WNBA, racing, and soccer. It also provides a combo feature that lets you combine 10 legs in eligible sports. Your prediction for each leg has to be correct to get a payout.
If you prefer trading Robinhood sports markets live, simply tap the “Live” button (it’s just beside the “Home” option), and you’ll see all the ongoing events. NFL competitions definitely have more markets than other sports. It features 10 categories: Win totals, Playoff seeds, Season stats, Team specials, Specials, Awards, Next team, League leaders, Fantasy, and Draft. So Robinhood would be an ideal choice for NFL fans.
The NBA only has two markets: Win Totals and Specials. So it might not be the best option if you’re into the Game-winner market.
For esports, there are only six categories on the app. But, they’re the popular ones (LoL, Overwatch, CS2, R6, Dota 2, and Valorant). One thing though for traders in Michigan, Nevada, or Maryland; Robinhood doesn’t allow access to sports contracts in those locations.
This category features House winner markets for all US states. There are outcomes listed for Alabama, Alaska, Arizona, Arkansas – you name it. You’ll also see three outcomes under Control of Congress. We like that Robinhood has made this section quite on point for traders who follow House rep races by district.
We’ll start by saying Robinhood doesn’t include all the prediction markets experienced traders might expect for climate. There are only outcomes for Hourly Temperature, Daily High Temperature, Daily Low Temperature, and Rainfall.
You don’t get event contracts on natural disasters or snow. But then the category works if you like to predict only temperature and rainfall. The rainfall category even features interesting questions like “Where will it rain on a specific day?”
Robinhood’s prediction markets for “Indicators” under this category truly make it a suitable option for economic prediction traders. You’ll see event contracts on US real GDP growth, inflation, tech layoffs, job numbers, unemployment, US new home sales, and CPI. There are also categories on Federal Reserve decisions, gas prices, and energy. The app also lists some economic markets of other countries.
Crypto event contract traders aren’t lacking on Robinhood. There are markets for all the cryptos you probably trade: Ethereum, Bitcoin, HYPE, Dogecoin, Solana, XRP, and BNB. The common market for each of the assets is the question of “How high or low a crypto will get” at a particular time.
Robinhood may not have listed tuition event contracts on every US university. But the major ones are there. You’ve got a tuition market for Harvard, UCLA, UC Berkeley, UT Austin, and Michigan.
We believe Robinhood election markets tick the box for traders who want event contracts on US presidential elections. It holds more markets than the other two subcategories: International and Control of Congress. International even has just one: The next French presidential election winner. So if you want a site with many international election event contracts, you might be dissatisfied.
This is a big category on the app. And if you trade music stream contracts, you might love it too. You’ve got contracts on Dancing with the Stars, Oscars, Grammys, Netflix, movies, music, Rotten Tomatoes, and video games. The Video games category has the least number of markets. Unexpectedly, Music streams feature more.
For some reason, Robinhood features many of the markets in this category in the Economics category as well. But what truly makes the difference is the event contracts on Brent crude oil price. That’s the whole point of that category for us.
Robinhood does have a section for international politics contracts. But it feels like it’s only scratching the surface. There are four markets in that subcategory, and even at that, the market on “Who will lead Venezuela” is the only one that’s got nothing to do with the US. So this category is best for trading US politics event contracts. You’ll find outcomes on Trump, trade, fiscal, and policy.
We believe those looking to trade technology contracts on a casual level might appreciate this category. Robinhood only features a few contracts on AI; you won’t find markets on even the most popular ones. There are only a couple of questions like “Best AI this week” and AI chip prices.
Robinhood’s financial prediction market is just enough; it’s neither too small nor too big. You’ll find contracts on the S&P 500, its closing price, how high or low it’ll get, and the S&P 500 futures price. Nasdaq also features similar markets. Other questions in this category are about the Treasury yields, FX, and market outlooks.
First, we like how this topic stands as a category and isn’t squeezed under Commodities. So if you’re a trader who specifically wants contracts on precious metals, here’s where you get them on Robinhood. Gold, silver, palladium, platinum, and copper are the full options.
The table below provides you with more info about the app:
| Partnership | KalshiEX LLC, ForecastEx, LLC, Rothera Exchange and Clearing LLC, or North American Derivatives Exchange, Inc |
| Age requirement | 18+ |
| Mobile availability | Android and iOS |
Robinhood isn’t like some prediction markets that exclude some popular topics. But the major weakness was the limited number of markets in some categories. Here’s a summary of the pros and cons:
Robinhood may not go as deep into some prediction markets. However, we can’t take away the fact that it features event contracts on all the topics we’re all probably following. In sports, it goes all out with over 15 options. Entertainment also has a good deal of markets. Music streams particularly beat other sections in that category.
If you’re looking to trade political event contracts, consider the app. However, we observed that Robinhood seems to have its eyes on just topics in the US.
If you enjoy trading contracts on trending topics and want the flexibility to trade on the go, Robinhood could be a good fit. Ready to explore its prediction markets? Click the banners on this page to visit Robinhood’s website and download the app.
Robinhood offers many markets like sports, politics, economics, and climate. But traders in Michigan, Nevada, or Maryland can’t access its sports contracts.
Yep. You have outcomes on movies, music, awards, Netflix, and video games. If you’re a fan of Dancing with the Stars, the app also includes event contracts on that.
Absolutely not. The most you can do there is take a look at the available prediction markets. You have to download the app and register to trade its event contracts.