Robinhood Routes World Cup Event Contracts to Rothera

Robinhood said on June 4 that customers can trade World Cup prediction markets through its app, with selected event contracts routed to Rothera, a CFTC-licensed exchange and clearinghouse affiliated with Robinhood through its joint venture with Susquehanna International Group.

The initial rollout includes contracts tied to individual matches, group outcomes, tournament winners, spreads, totals, player contracts and combinations. Robinhood said World Cup and professional baseball contracts are the first selection being routed to Rothera, with plans to scale to additional events over time.

The broker also highlighted a new pricing model for prediction-market commissions introduced on June 1. Robinhood said commissions now vary with contract price and order size and do not exceed one cent per contract, with additional discounts for Gold subscribers.

Robinhood’s disclosure notes that futures, options on futures and cleared swaps are offered by Robinhood Derivatives, a registered futures commission merchant, and that event contracts are offered through KalshiEX, ForecastEX or Rothera Exchange and Clearing.

Why it matters

Prediction markets are becoming a larger part of the active-trader product stack. Robinhood routing selected contracts to an affiliated exchange and clearinghouse gives the firm more control over infrastructure, fees and product expansion, while keeping the contracts inside a regulated derivatives framework.

For traders, the practical questions are contract availability, liquidity, fees, opt-out controls and how clearly the app separates event contracts from stocks, options and crypto.

What to watch next

Watch how quickly Robinhood expands Rothera routing beyond World Cup and baseball contracts, and whether other brokers respond with more event-contract access, lower fees or stronger disclosure controls.