Raise is coming to Robinhood's prediction market platform, Rothera. After using outside venues such as Kalshi and ForecastEx, HOOD has begun routing event contracts through the infrastructure it controls.
By moving flow to Rothera, the company can potentially capture more economics, control listings, improve pricing and create a tighter in-app customer experience. The lower fee structure strengthens this strategy. Robinhood's new prediction-market pricing model charges commissions based on contract price and order size, with fees capped at 1 cent per contract.
The World Cup gives Rothera its first major mainstream test. Robinhood has begun offering soccer event contracts through the platform, while Rothera's early rollout showed demand in baseball markets, including more than $2 million in first-weekend trading volume. For Robinhood's retail base, simple access matters: users do not need a separate crypto wallet, offshore account or niche prediction-market app.