PredictionToolkit
What is Robinhood Prediction Markets?
Contracts come from partners including Kalshi, ForecastEx, Rothera and Nadex. Browse sports, climate, economics and other categories, then check the specific contract and account eligibility. Event-contract buying power uses settled cash; instant ACH deposit credit does not provide it.
Dollar entry asks the app to calculate quantity within a budget; opening limit orders can instead use whole-contract quantities. IOC fills immediately or cancels the remainder. GTD limits can rest until filled or 3 AM ET on the next calendar day. Supported custom combos bundle up to ten legs into one fill-or-kill contract, so individual legs cannot be closed separately.
Who it is for
- For eligible Robinhood users who want event contracts through a mobile brokerage account.
- For users comparing dollar-based order budgets or supported sports combos, subject to product and state restrictions.
Markets and platform rules
- Budget and contract sizing
Choose dollar entry for an entered budget or whole-contract quantities for opening limit orders. Fractional quantities and sub-penny prices depend on the market.
- IOC, GTD and early closing
Use immediate-or-cancel orders or GTD limits expiring at 3 AM ET next calendar day. Existing positions can be closed through the account’s position view.
- Supported custom combos
Combine up to ten supported legs into one fill-or-kill contract. Review the combined quote because legs cannot be closed independently.
Market participation workflows
Choose the intended order behavior
Use dollar entry for a capped budget or contract sizing for a custom GTD limit, and review expiry and total cost before submission.
Evaluate the complete combo
Inspect every leg, the combined quote and the indivisible closing behavior before entering a combo.
Reconcile entry and exit charges
Include Robinhood commission and the underlying exchange charge on both opening and closing trades. Gold reduces the commission coefficient but does not remove exchange fees.
Pricing and total cost
Robinhood commission is k × P × (1−P) × C, rounded up to a cent and capped at $0.01 per contract. The coefficient k is 0.10 without Gold and 0.05 with Gold; Gold is listed at $5/month.
Fees and usage costs
- Exchange fees are additional and can reach $0.01 per contract. Both entry and closing trades can incur Robinhood and exchange charges.
Access and participation
- Open Prediction markets in the mobile app and apply for a Robinhood Derivatives account.
- Confirm residency, state and product eligibility, then use settled available cash.
- Choose the event, side and order type; review commission, exchange fee and total cost before submitting.
Web access is view-only; the documented execution path is mobile and excludes Robinhood Legend.
Useful links
What to check
- Sports access has state restrictions, including Maryland and Nevada; the reviewed rules restrict Michigan from opening new sports positions. Eligibility depends on the account and partner contract.
- Instant ACH deposit credit does not supply event-contract buying power. Combo legs cannot be split, and fractional quantities or sub-penny pricing are market-dependent.
A closer look
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Frequently asked questions about Robinhood Prediction Markets
When does GTD expire?
At 3 AM ET on the next calendar day, unless the order fills first.
Does Gold remove all fees?
No. It lowers Robinhood’s coefficient from 0.10 to 0.05; separate exchange charges still apply.