Robinhood says bitcoin, gold and oil prediction markets are its fastest-growing products
At the NEXTPredict conference in New York, Robinhood's JB Mackenzie, VP and GM for futures and prediction markets, said price volatility contracts tied to bitcoin, crude oil and gold are its fastest-growing prediction market products, with crypto contracts settling in as little as 15 minutes, CoinDesk reported. Mackenzie said the firm has 11 businesses generating more than $100 million in annual revenue each.
Only one publisher so far. Another independent outlet or an official source would raise it.
core coin BTC · afterwards moved 3.7× its usual range against BTC
Rule-based signals, not the probability that the report is true. How they work →
Key facts
Attributed sources: CoinDesk
BTC after this site detected it
- 5 minutes-0.15%Gate · USDT
- 1 hour-0.53%Gate · USDT
- 24 hours-1.60%Gate · USDT
Claims and open questions
What sources claim
- Robinhood's JB Mackenzie said price volatility contracts such as bitcoin, crude oil and gold are now starting to dominate the marketplace and are the fastest growing products, per CoinDesk.
- Mackenzie said crypto contracts have shortened from a week to a day and now to 15 minutes, and compared 15-minute crypto contracts to zero-day options in terms of rapid-loss risk, CoinDesk reported.
- Mackenzie said Robinhood has 11 businesses generating more than $100 million in annual revenue each, and that prediction markets could be its fastest-growing segment, per CoinDesk.
Still unresolved
- How much revenue Robinhood's bitcoin and other financial prediction markets generate, and how large they are relative to its sports contracts, would be clarified by the company's next earnings report or a formal disclosure.
- Whether the 15-minute crypto contracts described are offered only through the Kalshi partnership or also under Robinhood's own licenses would need confirmation from Robinhood or Kalshi.
Model-assisted explanation; citations, numbers and output format are checked. This is not independent semantic verification.
Source evidence
www.coindesk.com
Published 23/10/2026, 13:58 · Received 23/10/2026, 14:01
Original source titles remain in their source language. Full articles are not republished.
Market reaction after detection
Returns start at the sample closest to site detection (within the same minute up to 10 minutes later), using the same data source and quote currency. Actual sample times are shown; missing observations remain blank.
| Window | Return | Actual sampled interval / source |
|---|---|---|
| 5 minutes | -0.15% | 23/10/2026, 14:01 → 23/10/2026, 14:07 (UTC) Gate · USDT |
| 1 hour | -0.53% | 23/10/2026, 14:01 → 23/10/2026, 15:03 (UTC) Gate · USDT |
| 24 hours | -1.60% | 23/10/2026, 14:01 → 24/10/2026, 14:01 (UTC) Gate · USDT |
Historical market context
Research: hourly returns and BTC beta →
Closed hourly candles from the 30 days before this event observation. Different venues are kept separate.
| Metric | Value |
|---|---|
| Hourly coverage | 100.0% (720/720) |
| Median absolute 1h return | 0.14% |
| 99th percentile of absolute 1h returns | 1.02% |
OKX · USDT · Context as of 23/10/2026, 14:01 · Last included candle closed 23/10/2026, 14:00
Hourly descriptive statistics, not minute-move probabilities. Backfilled history never moves the observation cutoff above.
Event timeline
Source publication, receipt and analysis times are separate. All times UTC.
Source published: CoinDesk
Source received: CoinDesk
Event first detected by this site
Evidence record updated
English explanation generated
Latest content update
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