Robinhood CEO Projects Prediction Markets as Next Growth Frontier, Highlights Polymarket Leadership

Source: CryptoNewsNet Original Title: Robinhood CEO projects prediction markets, cites Polymarket as early leader Original Link:

Overview

Robinhood CEO Vlad Tenev stated that prediction markets are entering a long-term growth phase, identifying platforms like Polymarket as early leaders in what he described as a “prediction market supercycle.”

Key Highlights:

• Robinhood CEO Vlad Tenev forecasts strong growth in prediction markets.
• New platforms are entering the market, offering zero-fee trading on BNB Chain and supporting on-chain settlements.
• Kalshi raised $185 million while Polymarket secured partnerships with major firms like Intercontinental Exchange.

Market Growth Expectations

Tenev said prediction markets remain in their early stages despite recent attention. “I believe we’re at the very beginning of a prediction market supercycle, and as it progresses, we should expect to see adoption and volumes continuing to grow, potentially into the trillions of contracts created each year,” he stated.

Crypto-based prediction markets have evolved from niche experiments to financial tools used to track elections, sports, economic data, and token prices. Polymarket, one of the most active platforms, has attracted global attention for its ability to aggregate crowd expectations in real time using stablecoins and on-chain settlement.

Recent Platform Developments

On Thursday, a certain DEX and YZi Labs announced plans to launch Probable, a zero-fee prediction market on BNB Chain. The platform will support forecasts tied to crypto prices, global events, and sports, with all outcomes settled on-chain using UMA’s Optimistic Oracle.

Research published earlier this year by New York-based data scientist Alex McCullough showed Polymarket achieved accuracy above 90% across multiple time frames.

Funding and Partnerships

In June, prediction exchange Kalshi raised $185 million in a funding round led by Paradigm. The Intercontinental Exchange announced a multibillion-dollar investment and data partnership with Polymarket during the same period. More recently, Kalshi partnered with CNN.

Polymarket has demonstrated user demand for trading on real-world outcomes using crypto infrastructure, including a partnership with MetaMask. Robinhood reportedly accounts for more than half of the betting volume on Kalshi and has plans to introduce customizable sports parlays using Kalshi’s technology in early 2026.

These initiatives align with Tenev’s stated vision of merging crypto with traditional finance through tokenization.