Robinhood Derivatives sources event contract probabilities from KalshiEx and ForecastEx
Robinhood Derivatives, LLC is now offering event contracts on its platform, with probabilities referenced or sourced from CFTC-registered exchanges KalshiEx LLC and ForecastEx LLC. The disclosure appears across multiple outlets including a Neil Paine Substack post dated May 11, a Sherwood.news article dated May 15, and a follow-up Neil Paine post dated May 19. The arrangement positions KalshiEx and ForecastEx as pricing or data partners for Robinhood's derivatives arm as it expands into event-contract products. Robinhood Derivatives is a registered futures commission merchant and swap firm. Details on the specific nature or scope of the data-sourcing agreement, trading volume, or regulatory developments remain undisclosed.
KalshiEx and ForecastEx now supply pricing data to the largest retail brokerage in the U.S., giving both exchanges a distribution channel that Polymarket and DraftKings Predictions cannot match without similar partnerships.