Recent moves by trading platform Robinhood into prediction markets could boost the stock, which is down more than 40% from its 52-week high, according to Deutsche Bank. The bank in a Friday note reiterated its buy rating on the stock and hiked its price target to $98. That implies an 11% gain from Thursday’s close. On Thursday, Robinhood announced that it was starting to direct some of its event contracts to Rothera, the prediction market it developed in a joint venture with Susquehanna International Group. Select event contracts related to the World Cup and professional baseball will be routed to the platform. That should be a boost to the company, which already processes large volumes of event contracts, analyst Brian Bedell said. HOOD 1Y mountain Robinhood 1-year. “Today’s Rothera launch is strategically timed with the 2026 World Cup to drive engagement on this fast-growing asset class, which has already seen over 16bn contracts traded year-to-date in 2026,” Bedell wrote. While some contracts will be routed toward Rothera, Robinhood will still feature event contracts from Kalshi and ForecastEx, Interactive Brokers ‘ prediction market platform. A spokesperson for Robinhood told CNBC on Thursday, though, that this was not the official launch of the company’s prediction market platform. And while Robinhood will still feature other platforms’ contracts, lower fees on Rothera could be attractive to traders, Bedell noted. Rothera’s fees will be capped at 1 cent per contract, similar to ForecastEx’s fee structure, but less than Kalshi’s maximum of 2 cents per contract. “The new exchange, combined with a revised lower-fee structure, (albeit maintaining consistent levels of monetization) confirms management’s prior message of providing a best-in-class pricing for prediction markets to customers, and we updated our volume forecasts to better reflect potentially greater user participation,” Bedell wrote.
