Robinhood CFO Shiv Verma has said “organic use cases” will continue to grow on its prediction markets platform, as the retail trading firm continues to find traction in non-sports event contracts.
At the Bernstein Research 42nd Annual Strategic Decisions Conference on Wednesday, 27 May, Verma was asked what the next frontier for prediction markets was and what Robinhood customers were requesting.
Responding that the retail trading firm is seeing usage cases “that we didn’t even imagine”, Verma added that sports contracts have found their place in the prediction markets space but that Robinhood users were trading markets to hedge personal risk.
“There’s no doubt sports have found product market fit,” he remarked. “If you look at NFA [National Futures Association] data or any of the exchanges, it’s about 85% of the volume.
“[But] during travel season, we noticed a lot of people were trading weather contracts. We talked to customers to see what they were doing, and they were hedging their flight risk.
“In certain parts of the country, people were trading contracts to hedge their insurance. In high hurricane season in Florida, for example, we saw some customers supplementing their insurance by buying event contracts.
“These are use cases we didn’t even think about. As we look forward and more of these organic use cases come up, we think this is going to be a larger and larger piece of the platform.”
Robinhood expanded into sports last year when it leaned on its prediction markets partner, designated contract market (DCM) and clearing house Kalshi, to launch Super Bowl event contacts.
The CFO also shared there are some contracts Robinhood will not trade, citing war and death contracts as examples, while other constraints include events that don’t have sufficient liquidity to allow customers to “get out” of positions.
Robinhood currently offers “about 2,000 to 3,000” markets on its platform, according to Verma – who also said 1.5 million customers have now traded event contracts, up from the one million reported during April’s earnings call.
“We are continuing to find more traction there,” he continued. “But we’re also seeing some of these non-sport use cases around financial, weather or other things like that.”
Verma confirmed Rothera, the JV between Robinhood and the platform’s liquidity provider Susquehanna International Group, is launching soon and plans are to be operational by the middle of the year – though no fixed date was given.
The JV has accelerated its prediction markets ambitions by acquiring MIAXdx, a DCM and clearing house licensed by the Commodity Futures Trading Commission.
Robinhood processed 12 billion event contracts in 2025, with a record quarterly volume of 8.5 million trades in the last three months of 2025.
Earlier this year, CEO Vlad Tenev hailed prediction markets as the “fastest-growing business in our history”.
Last week, chief brokerage officer Steven Quirk reported the business had not seen “meaningful churn” of prediction markets customers.
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Shiv Verma notes users have been buying and selling weather contracts to hedge “flight risk” and their home insurance, yet he stresses the platform won’t offer war and death markets
The post Robinhood customers trading event contracts “we didn’t even imagine”, says CFO first appeared on EGR Intel.