Robinhood shares climb 7% on Rothera event contract routing and World Cup launch
Robinhood stock climbed nearly 7% on Wednesday as the company said it is beginning to route event contracts through Rothera. The move follows a June 2 social media promotion of hockey championship event contracts and comes alongside the launch of World Cup event contracts and dropped trading restrictions. Investor confidence rose on the routing partnership, with shares gaining sharply on the dual announcements. The Rothera arrangement represents a deepening of Robinhood's event-contract infrastructure beyond its existing Kalshi ties, while the World Cup offering capitalizes on the global soccer tournament's timing.
Rothera's capture of Robinhood's World Cup flow directly threatens Kalshi's retail trading volume, which Robinhood already drives the majority of. Kalshi must now rebuild its standalone pipeline outside Robinhood just as DRW, Wintermute and IMC bring institutional liquidity to Kalshi and Polymarket.
Robinhood's World Cup routing joins the platform's parallel deal with Kalshi and its debut Rothera partnership, making this the third distinct event-contract integration in days as the retail brokerage pressures both exchanges for better terms.