Robinhood Captures 85% of Prediction Market Volume in Two Weeks
**Robinhood dominates prediction markets overnight**
In just two weeks, Robinhood captured **85% of prediction market volume** from Kalshi, despite Kalshi's three-year regulatory battle with the CFTC.
**Key developments:**
- Kalshi, once valued at $11B, sees market share evaporate
- Superior user experience drives users to Robinhood
- Robinhood now offers only public equity exposure to $5B monthly prediction market volume
**The irony:** Kalshi built the regulatory foundation and market infrastructure, but Robinhood's streamlined platform captured the user base.
This shift highlights how **user experience often trumps first-mover advantage** in financial markets.