Flutter Entertainment has announced the launch of its Betfair brand’s prediction market product called Betfair Predicts.The prediction platform will operate under...
Robinhood removes some event contracts over insider trading
Robinhood has announced plans to restrict some forms of prediction markets, particularly mention markets, over concerns about insider trading and market manipulation.
Mention markets are contracts where users can bet on specific words or phrases that will be mentioned during public events, but the operator has revealed that these types of contracts are vulnerable to market abuse, which is why the decision to exclude them from Robinhood’s offerings was made.
Robinhood’s UK President, Jordan Sinclair, commented:
“We don’t necessarily offer all prediction markets or all event contracts. There are some we’ve chosen that aren’t right for our customers, and that is, I think, the way you can kind of navigate that world.”
Sinclair added that Robinhood was very focused on preventing market abuse and insider trading and chose to remove some contracts exactly because of concerns around using non-public information.
Sinclair further stated:
“There are other types of brokers or platforms that may not necessarily be regulated or offer regulated contracts that may choose to do something different.”
The operator has clearly put a distinction between regulated and high-risk providers, stating that the platform has taken a more selective approach by working with regulated markets like Kalshi and ForecastEx and has chosen to distance itself from prediction markets such as Polymarket.
On April 7, 2026, Fox Corporation revealed that it will start integrating prediction market data from Kalshi in its news and streaming platforms.According to the deal,...
