Robinhood has launched World Cup prediction markets thanks to a new affiliate exchange market.
Contracts can be traded on Rothera, an exchange built through a joint venture by Robinhood and Susquehanna International Group (SIG).
Key Takeaways
- Robinhood previously used third parties to facilitate its trades.
- Rothera already maintained a CFTC license when it sold 90% of its company to Robinhood and SIG.
- Commission fees now vary depending on contract prices, but will never exceed $.01 per contract.
Robinhood's World Cup prediction markets are being rolled out and will be available for all customers in the coming days.
The 2026 FIFA World Cup, which begins next Thursday, marks the first time that 48 nations will be in attendance. Matches will take place in 16 venues across the United States, Mexico, and Canada, all the way until the final match at MetLife Stadium in East Rutherford, New Jersey, on July 19.
“The World Cup is a global phenomenon and is the perfect event to launch Rothera,” JB Mackenzie, VP and GM of futures and prediction markets at Robinhood, said in a release. “We’re now delivering even more value for customers as we continue on our mission to make Robinhood the best place to trade prediction markets.”
Soccer fans will be able to buy and sell contracts related to match winners, group finishing positions, and the tournament winner, as well as spreads, totals, player milestones, and combos.
A huge moment for our team. World Cup prediction markets are now live on Robinhood and with it, the launch of Rothera.
— JB Mackenzie (@JBMackenzie_) June 5, 2026
Better pricing, more flexibility, and only just the beginning. https://t.co/n98vQfhS18
This is the first time that contracts offered by Robinhood will be exchanged on the internal Rothera exchange. Formerly LedgerX LLC, the exchange already held a Commodity Futures Trading Commission license when it sold 90% of its equity to Robinhood and SIG.
“This is a foundational milestone for us to launch a purpose-built exchange and clearinghouse for the fast-growing prediction markets,” said Thomas Chippas, CEO of Rothera.
“While still early days, our goal is to provide the technology, regulatory certainty, and risk management framework needed to support broad participation from both retail and institutional participants. The World Cup marks the first step in that journey, and we look forward to helping shape the future of prediction markets as an asset class.”
Enjoying Covers content? Add us as a preferred source on your Google account
New World Cup trading markets and prices
Robinhood also reworked its pricing scale, meaning that contracts now cost less than they ever have. The platform claims to have “some of the most competitive fees in the industry.”
Commission fees now fluctuate according to the price of the contract and the size of the order, with lower fees the further the prices deviate from the 50-cent middleground. Contract fees also never exceed 1 cent.
Robinhood Gold members will get even better deals, losing up to 50% less per trade in commission fees. They will also enjoy savings of up to 95% compared to the old pricing model.
Beginning on June 8, customers who refer five friends to Robinhood’s prediction market will be treated to uncapped $0 commissions on World Cup contract trades.
That includes markets such as:
- Which team will win the World Cup
- Which player will win the Golden Boot
- Which team will win a particular match
- Will there be more goals scored than a given amount
- Will both teams score in a match
World Cup prediction market prices
Robinhood’s latest prediction market news comes as the platform processed more than 12 billion event contracts last year and more than 16 billion have been traded in 2026.
The latest market prices show that Spain (18 cents) is the favorite to win the World Cup, just ahead of France (17 cents). England (11 cents) leads a group of challengers that includes the defending champion, Argentina (10 cents), Portugal (10 cents), and Brazil (9 cents).
