Recent moves by trading platform Robinhood into prediction markets could boost the stock, which is down more than 40% from its 52-week high, according to Deutsche Bank. The bank in a Friday note reiterated its buy rating on the stock and hiked its price target to $98. That implies an 11% gain from Thursday’s close. On Thursday, Robinhood announced that it was starting to direct some of its event contracts to Rothera, the prediction market it backed in a joint venture with Susquehanna International Group. Select event contracts related to the World Cup and professional baseball will be routed to the platform. That should be a boost to the company, which already processes large volumes of event contracts, analyst Brian Bedell said. HOOD 1Y mountain Robinhood 1-year. “Today’s Rothera launch is strategically timed with the 2026 World Cup to drive engagement on this fast-growing asset class, which has already seen over 16bn contracts traded year-to-date in 2026,” Bedell wrote. While some contracts will be routed toward Rothera, Robinhood will still feature event contracts from Kalshi and ForecastEx, Interactive Brokers ‘ prediction market platform. But lower fees on Rothera’s contracts could make the platform could be attractive to traders, Bedell noted. Rothera’s fees will be capped at 1 cent per contract, similar to ForecastEx’s fee structure, but less than Kalshi’s maximum of 2 cents per contract. “The new exchange, combined with a revised lower-fee structure, (albeit maintaining consistent levels of monetization) confirms management’s prior message of providing a best-in-class pricing for prediction markets to customers, and we updated our volume forecasts to better reflect potentially greater user participation,” Bedell wrote. Correction: This story has been revised to accurately reflect the status of the Rothera platform. A previous version misstated that Thursday’s announcement did not amount to an official launch of the prediction market exchange.
