Robinhood reports surge in bitcoin and gold prediction markets as traders shift focus from sports

Robinhood executive JB Mackenzie stated that price volatility contracts tied to bitcoin, gold, and crude oil are among the fastest-growing prediction market products, indicating a shift in trader interest beyond sports and elections. While sports remains the largest product, Robinhood's largest event contract in September was tied to the Federal Reserve's interest rate decision, and crypto contracts are now settling in as little as 15 minutes. This expansion is also drawing customers into Robinhood's stock, crypto, and retirement products.