Robinhood routes World Cup contracts to Rothera as in-house exchange launches
Robinhood-backed prediction market exchange Rothera has filed soccer event contracts ahead of its launch, with listings expected as soon as June 1, according to DeFi Rate. The platform began offering World Cup event contracts to Robinhood customers on June 4, covering individual matches. Robinhood CFO Jason Verma said in a May 28 interview that most prediction-market trading volume will migrate to the company's own exchange, noting event-contract users grew from 1 million to 1.5 million in recent months. Robinhood processed over 16 billion event contracts in 2026, up sharply from 2025, and holds a 7 percent stake in Kalshi. The move positions Rothera to capture World Cup liquidity and reduce Robinhood's reliance on third-party exchanges.
Rothera's World Cup listings siphon major sporting-event liquidity away from Kalshi just as Robinhood's CFO confirms most prediction-market flow will migrate in-house. Kalshi must now compete for volume against its own 7 percent stakeholder's captive user base of 1.5 million event-contract traders.