Robinhood Derivatives launches tennis event contracts on WTA and ATP matches
Robinhood Derivatives introduced professional tennis prediction markets on June 20, letting users trade event contracts on WTA and ATP tournaments. The contracts are offered through partner exchanges including KalshiEX LLC, ForecastEX LLC, and Rothera Exchange. The expansion adds a new sports category to Robinhood's financial event contract offerings beyond existing markets. The move comes as Robinhood has been actively diversifying its event-contract infrastructure, including testing Rothera for some World Cup contracts and bringing Rothera event contracts in-house with a $2 million debut weekend.
Robinhood's tennis expansion gives Rothera another retail product line to capture flow that previously ran through Kalshi. Any sustained shift of sports volume onto Robinhood's partner and captive infrastructure directly undermines Kalshi's trading volume and its justification for institutional market-maker partnerships.