# Пов'язані статті щодо Rothera

Центр новин HTX надає останні статті та поглиблений аналіз на тему "Rothera", що охоплює ринкові тренди, оновлення проєктів, технологічні розробки та регуляторну політику в криптоіндустрії.

A New Player Enters at Third Place, Rothera Disrupts the Prediction Market Landscape

"Rothera Skyrockets to Third in Prediction Market Rankings, Disrupting Industry Landscape" Rothera, Robinhood's newly launched prediction market platform, has rapidly climbed to become the third-largest player in the sector by trading volume, trailing only giants Kalshi and Polymarket. Its growth is attributed not to attracting new users, but to migrating existing Robinhood user orders away from partner Kalshi. Previously, Robinhood served as a major distribution channel for Kalshi, accounting for an estimated 25%-35% of its volume. With the launch of Rothera, Robinhood now internally executes events like World Cup contracts, capturing revenue that was previously shared with Kalshi. Data shows Rothera's weekly trading volume surged from $21.9 million to $559 million within weeks, reaching nearly one-fifth of Polymarket's volume. Analysts estimate Robinhood's prediction market business could generate around $10 billion in annual revenue at this pace, potentially surpassing its historical crypto revenue peak. In response, Kalshi is reportedly exploring new distribution channels by engaging with investment banks for a potential IPO, requiring them to integrate their systems with Kalshi to access institutional clients. This shift highlights a new competitive focus in prediction markets: controlling user access and distribution channels rather than just product offerings.

marsbit06/22 09:07

A New Player Enters at Third Place, Rothera Disrupts the Prediction Market Landscape

marsbit06/22 09:07

Swooping to Third Place, Rothera Disrupts Prediction Market Landscape

The article "Rothera Shakes Up Prediction Market Landscape, Debuts at No. 3" details the rapid rise of Rothera, Robinhood's newly launched in-house prediction market platform. Originally, Robinhood acted as a major distribution channel for Kalshi, routing 25-35% of its user orders to Kalshi for execution, which involved revenue sharing. Rothera allows Robinhood to capture this value internally by migrating orders, particularly for events like the World Cup, to its own platform. This has led to explosive growth for Rothera, with weekly trading volume soaring from $21.9 million to $559 million in just two weeks, making it the third-largest prediction market behind Kalshi and Polymarket. Analysts estimate Robinhood's prediction market business could generate $10 billion in annual revenue, surpassing its crypto revenue peak. This growth represents a direct challenge to Kalshi, which is now seeking new distribution channels, including talks with investment banks for a potential IPO, to integrate its platform with institutional client networks. The key takeaway is a shift in the competitive landscape: success is increasingly defined not just by product offerings but by controlling the user distribution channels and value capture, as demonstrated by Rothera's swift ascent.

Odaily星球日报06/22 09:04

Swooping to Third Place, Rothera Disrupts Prediction Market Landscape

Odaily星球日报06/22 09:04

Robinhood, the First Stock in the Predictive Market Concept

The online brokerage Robinhood, which previously partnered with prediction market platform Kalshi to offer event contract trading to its users, is now becoming a direct competitor. This shift began after Robinhood, through a joint venture, acquired and rebranded a CFTC-regulated exchange (now Rothera Exchange). Robinhood's motivation stems from the rapid growth of prediction markets on its platform, which significantly boosted its "other transaction revenue." Recognizing that its vast retail user base is the most critical asset, Robinhood aims to capture more value by routing orders to its own exchange instead of sharing fees with Kalshi. It strategically launched its Rothera platform during the high-traffic 2026 FIFA World Cup, successfully processing tens of millions of contracts in its initial days. This move signals a pivotal power shift in the prediction market industry: control over user distribution and access is emerging as a more decisive advantage than the underlying market infrastructure itself. The future competition may increasingly revolve around which platforms control the major user gateways.

marsbit06/16 06:17

Robinhood, the First Stock in the Predictive Market Concept

marsbit06/16 06:17

The First Prediction Market Stock Has Emerged!

"Prediction Market Unicorn Emerges!" While the World Cup drives record trading volumes in prediction markets, the industry leader Kalshi faces a new threat from a former key ally. In March 2025, Kalshi partnered with online broker Robinhood to offer prediction market services, allowing users to bet on events. This deal was mutually beneficial: Kalshi gained access to Robinhood's massive retail user base, with an estimated 25-35% of its volume coming through this channel, while Robinhood earned significant fees, reporting a 320% year-over-year increase in "other transaction revenue" to $147 million in Q1 2026, largely fueled by prediction markets. However, Robinhood's ambitions have grown. Recognizing that its user base and distribution power are the scarcest resources, it initiated a plan to bring operations in-house. In late 2025, Robinhood partnered with Susquehanna to acquire CFTC-regulated exchange MIAXdx, renaming it Rothera Exchange. By June 2026, Robinhood launched its own prediction market product on Rothera, strategically using the World Cup as a launchpad. Initial data shows Rothera processing tens of millions of contracts within days, directly siphoning volume away from Kalshi. This shift marks a pivotal moment: control is moving from the market infrastructure provider (Kalshi) to the entity controlling user distribution (Robinhood). The story illustrates a recurring internet era dynamic: "He who controls distribution controls everything." As more platforms with large user bases recognize the value of prediction markets, the industry's future competition may center less on which platform has the best market technology and more on which one owns the user gateway.

marsbit06/15 09:28

The First Prediction Market Stock Has Emerged!

marsbit06/15 09:28

The First 'Prediction Market' Stock Emerges!

"Prediction market pioneer Kalshi faces a major new challenge from its former key partner, Robinhood. Following a successful collaboration starting in March 2025, where Kalshi provided prediction market infrastructure to Robinhood's user base, Robinhood has now launched its own competing platform, Rothera Exchange. This move, leveraging Robinhood's control over massive retail user distribution, threatens to divert a significant portion of Kalshi's order flow. Rothera strategically launched during the high-traffic 2026 World Cup, quickly processing tens of millions of contracts. Analysts estimate the partnership previously contributed 25%-35% of Kalshi's volume, translating to potential annual revenue diversion worth hundreds of millions of dollars. The shift underscores a broader industry trend: in commoditized markets, control over user access and distribution channels, rather than just the underlying trading platform, may become the ultimate source of power and profit."

Odaily星球日报06/15 09:23