Prediction markets have had a breakout couple of years, but Rothera might be the most interesting new entrant yet. The CFTC-regulated exchange, a joint venture between Robinhood and Susquehanna International Group, has crossed $3 billion in total wagers since launch, with the 2026 FIFA World Cup serving as its primary rocket fuel.
Robinhood began routing World Cup event contracts to Rothera on June 4, 2026. The platform pulled in roughly $2 billion in notional trading volume during June alone, capturing approximately 7% of the U.S. prediction market share in its first full month of operation. For context, that is a meaningful slice of a market that logged $44.8 billion in combined June volumes across Kalshi, Polymarket, and Rothera combined.
June 12, 2026 stood out as a particularly electric day. Daily turnover across prediction platforms hit $4.8 billion, a figure that reflects just how much appetite there is for event-driven trading when a marquee tournament is in full swing.
Bernstein projects the 2026 World Cup alone will generate somewhere between $3 billion and $10 billion in total prediction market volume.
Why Robinhood built this instead of borrowing it
