Robinhood considering expanding its prediction markets outside US

Robinhood is reportedly weighing a move to take its prediction markets overseas after a strong debut in the United States.

According to a Bloomberg report, the trading app, best known for bringing commission-free stock trading to retail investors, is now holding talks with regulators abroad as it explores how to bring its event-based contracts to new markets.

Robinhood targeting the UK and EU markets

The company’s early steps include discussions with the UK’s Financial Conduct Authority.

Robinhood is exploring whether its event contracts can be classified as financial instruments rather than gambling products, a distinction that varies widely across jurisdictions.

That classification will be crucial to determining whether the platform can operate in major markets such as the UK and the European Union, both of which have different approaches to speculative trading and consumer protection.

Riding on its success in the United States

Robinhood’s expansion plans are driven by a surge of interest at home.

The company has already processed over 4 billion event contracts in the United States, according to its CEO and Co-Founder Vlad Tenev, with much of that activity logged in the most recent quarter.