Bernstein: World Cup pushes predicted market trading volume to record high, Robinhood is expected to benefit
According to The Block, Bernstein predicted that the daily trading volume during the World Cup would increase from $2.2 billion on June 11 to $4.8 billion on June 12, surpassing the $1.4 billion trading volume of the Super Bowl. Bernstein predicts that Robinhood's market revenue will grow from $150 million in 2025 to $586 million in 2026. Robinhood collaborates with Rothera, which is regulated by the US Commodity Futures Trading Commission (CFTC), to drive participation through its large user base, $0.01 commission per contract, and Gold membership fee discounts. Rothera traded approximately 200 million contracts within 18 days of its launch. Bernstein predicts that the World Cup will bring over $3 billion in new betting volume to the prediction market and drive an increase of $5 billion to $10 billion in industry consumer transaction volume.