Robinhood Unveils Combos to ‘Trade and Hedge Pretty Much Anything’
Robinhood’s stay occasion Tuesday night, titled YES/NO, unveiled a product roadmap to permit customers to commerce or hedge no matter they need by prediction market mixtures. The firm additionally unveiled new infrastructure and AI instruments to assist this enlargement.
CEO Vlad Tenev stated the corporate is constructing a stack to mix binary occasion contracts throughout sports activities, politics, tradition and different classes into personalized trades—successfully letting customers create their very own monetary devices for any final result they need to hedge or speculate on.
“What all this implies is that you simply’ll have the ability to commerce and hedge just about something,” Tenev stated, describing a future the place prediction market mixtures lengthen far past sports activities contracts the corporate.
Starting with NFL, ending with all the pieces else
“Combos actually lay a groundwork for a brand new period of prediction markets,” Lee stated. “They will start inside single video games, however we plan on bringing them throughout video games and in the end throughout whole classes. Imagine mixing your predictions in sports activities, tradition, politics, actually any class into one commerce.”
Tenev acknowledged that executing this imaginative and prescient may create complicated challenges for customers making an attempt to navigate “tens doubtlessly a whole bunch of hundreds of markets and thousands and thousands of potential mixtures” alongside the shares, choices, and cryptocurrencies already out there on Robinhood.
The rollout of preset mixtures, basically parlays, begins this week for NFL and customized mixtures in January. The transfer places Robinhood in direct competitors with Kalshi, which expanded its parlay-style “combos” this week after processing over $100 million in quantity.
Owning the stack turns into a necessity
The cross-category combo imaginative and prescient builds on strikes Robinhood made final month. In a three way partnership with buying and selling agency Susquehanna International Group, the corporate acquired a 90% stake in LedgerX, a CFTC-regulated derivatives change and clearinghouse, from MIAX (Miami International Holdings) in a deal announced on November 25th. The transaction, anticipated to shut within the first quarter of 2026, offers Robinhood (together with Susquehanna) impartial management over clearing and settlement operations.
Robinhood stated the acquisition would supply “the flexibleness to construct quicker and ship extra contracts and providers to merchants”—language that takes on new which means with Tuesday’s announcement of cross-category combos. It’s unlikely to do that with partnerships, which means proudly owning your entire infrastructure is essential.
The firm at present presents prediction markets by partnerships with ForecastEx and Kalshi, each CFTC-regulated exchanges. Owning LedgerX eliminates dependence on companions who management what contracts get listed and when—a constraint when constructing instruments that blend Fed choices, sports activities outcomes, and climate occasions into single trades.
“When we discuss democratizing buying and selling, it’s not nearly giving folks entry to what the elites have,” Tenev stated. “It’s additionally about making buying and selling extra private and enabling folks to commerce what actually issues to them.”
Cortex improve positioned as AI evaluation
Cross-category combos will create a problem for customers that Robinhood plans to tackle by synthetic intelligence. The firm showcased main upgrades to Robinhood Cortex, its AI-powered investing assistant, positioning it as important infrastructure to develop on tradable outcomes.
The improve, set to roll out in early 2026 to Robinhood Gold subscribers, can be embedded all through the app and permit customers to execute trades, conduct analysis, and regulate account settings utilizing conversational language. A Gold membership prices $5 per thirty days or $50 yearly.
Oren Naim, Robinhood’s vice chairman of platforms, emphasised the AI assistant is designed to present goal evaluation slightly than advisory suggestions. “The thought is to offer you type of an goal abstract of either side of the story,” Naim stated.
The firm can be launching portfolio-level “Digests” powered by Cortex, which can present personalised insights explaining every day actions in customers’ particular holdings. Additionally, Sherwood Media, Robinhood’s information division, introduced a every day prediction markets publication referred to as “Scoreboard” to assist clients monitor video games, statistics, and market actions.
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