Robinhood Markets Inc. announced the removal of specific prediction markets on April 13, 2026.
The decision targets mention markets, which allow users to bet on the frequency of names or phrases during live events.
Robinhood cited concerns over potential insider trading and market manipulation as the primary reason for the move.
The company described the action as a proactive measure to safeguard platform integrity.
Prediction markets currently represent Robinhood's fastest-growing segment.
Users traded over 12 billion contracts in this category during the last year.
Rapid expansion raised red flags regarding potential market abuse.