Robinhood is betting on itself. Literally.
The company has started routing select FIFA World Cup event contracts through Rothera, the derivatives exchange it co-owns with Susquehanna International Group, rather than relying entirely on Kalshi. The move covers individual match outcomes, overall tournament winners, and total goals contracts.
Robinhood shares climbed more than 6% following the announcement.
Why Robinhood is building its own exchange
Rothera received CFTC approval and began self-certifying soccer event contracts in May 2026, with certification filings for four specific soccer contracts submitted on May 28. Rothera reported over $2 million in trading volume during a recent weekend. Robinhood was previously handling around 3 billion event contracts per month, generating roughly $30 million in monthly revenue.
