Kalshi Less Reliant on Robinhood After Gaining Market Dominance -- Market Talk

Dow Jones04-10 00:39

1237 ET [Dow Jones]--Kalshi is leaning away from its partnership with Robinhood as the prediction-markets platform gains a greater share of the market, Bank of America analysts say. Last March, Kalshi struck a deal with Robinhood to offer event contracts on the platform. Robinhood contracts made up about 60% of volume on Kalshi at their peak in the second quarter of 2025, the BofA analysts say. But Robinhood's share on Kalshi has since decreased to roughly 23% as of March, as Kalshi's consumer-facing business has exploded. The analysts estimate Kalshi now has about 91% of total market share in the prediction-market industry. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

April 09, 2026 12:39 ET (16:39 GMT)

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Last March, Kalshi struck a deal with Robinhood to offer event contracts on the platform. Robinhood contracts made up about 60% of volume on Kalshi at their peak in the second quarter of 2025, the BofA analysts say. But Robinhood's share on Kalshi has since decreased to roughly 23% as of March, as Kalshi's consumer-facing business has exploded. The analysts estimate Kalshi now has about 91% of total market share in the prediction-market industry. 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