Robinhood’s share of volume on Kalshi has fallen from almost 60% in September to less than 23% in the first 27 days of March, in a sign that the stock trading giant is losing its status as a kingmaker in the prediction market world.
In an update to the stock market on Monday afternoon, Robinhood revealed that its users had traded 2.6 billion contracts.
With each contract traded being worth one dollar, 2.6 billion contracts traded is $2.6 billion of volume.
Robinhood charges a flat one-cent fee on every contract, on top of the fees charged by Kalshi, meaning that it made $26 million in fees during those 27 days.
