Robinhood prediction market Rothera hits record 109 million contracts on June 14

Trading accelerated sharply as daily volume reached about $39 million, with Dragonfly partner Omar saying nearly all activity was tied to World Cup sports contracts.

Summary

Robinhood’s self-built prediction market Rothera posted record activity on June 14, with contract volume reaching 109 million and daily dollar volume at about $39 million. Existing Hood House data cited by Odaily showed contract volume rose 56% day on day, dollar volume climbed 88% to $39.3 million, and open interest increased 12% to 69.7 million contracts. A June 16 update highlighted further momentum, with Dragonfly partner Omar saying contracts were up about 40 times week over week and dollar volume had increased about 93 times, while roughly 99.8% of trading activity was concentrated in World Cup sports contracts. The figures point to a rapid influx of activity on the platform, driven overwhelmingly by sports-event trading.

Terms & Concepts
  • prediction market: A venue for trading contracts tied to the outcomes of future events.
  • open interest: Outstanding unsettled contracts that remain held by market participants.