Robinhood has expanded its list of event betting. The market may grow 5 times by 2030

Robinhood Markets, operator of a popular platform for trading on the stock and cryptocurrency markets, has expanded its presence in the prediction sector by adding new tools for sports betting. Users can now bet on the individual performance of athletes and form combination bets familiar to bookmaker customers. Analysts predict that the sector is expected to grow exponentially, with revenues exceeding $10 billion by the end of the decade.

Robinhood has introduced ready-made combinations for the most popular sport in the United States - American soccer, combining several bets on a match into a single contract. The tool works on the principle of traditional express bets: the client will receive a payout only if all predictions are correct. In early 2026, the trading platform plans to allow users to create contracts with their own combinations of predictions.

In addition, Robinhood has launched contracts on the performance of specific athletes. Now traders can bet not only on the result of the match, but also on the game statistics of individual players. In an effort to occupy a niche before competitors, the platform announced the appearance of similar contracts for other sports.

Robinhood began offering access to betting on events during last year's U.S. presidential election, and this year expanded its offerings to the sports segment, Barron's notes. According to the forecast of analysts of Citizens Financial Group, by 2030, the revenue of companies in the prediction market will exceed $10 billion, writes Bloomberg. Now its volume is estimated at about $2 billion a year.

Citizens estimates that for Robinhood itself, this area has become the fastest growing product in its history and already generates about 10% of revenue. The sector's potential goes far beyond sports: hedge funds and other market participants are increasingly using these tools to hedge specific risks, such as predicting central bank actions or the outcome of mergers and acquisitions, according to Citizens.

Robinhood's aggressive expansion into the sports segment is challenging traditional bookmakers such as DraftKings and FanDuel. Prediction markets in the U.S. are regulated by the Commodity Futures Trading Commission (CFTC) and can operate in states where sports betting is otherwise prohibited, Barron's notes. DraftKings and Flutter (which owns the FanDuel brand) shares are down 4.9% and 14% respectively in 2025, and both bookmakers have already announced plans to launch their own prediction markets products.

Robinhood's shares have soared in price by 220% since January. The consensus forecast of analysts on shares of the trading floor is at the level of "above the market", which is equivalent to a recommendation to buy, and the average target price of $154.8 implies growth of quotations by almost 30% in the nearest year.

Truist analyst David Smith initiated coverage on Robinhood on Tuesday, December 16, giving the company a Buy rating and $155 per share target, Seeking Alpha reports . He said the "seemingly high valuation" is justified by the potential growth rate and profitability of the platform. He estimates Robinhood is on track for a second consecutive year of revenue expansion of more than 50%, thanks in part to continued new product launches. "The high rate of product launches has delivered significant key metric growth and market share gains as the company expands the reach of its customer base, allowing it to move into a more premium segment - to users with larger portfolios," the analyst wrote .

This article was AI-translated and verified by a human editor