Robinhood to offer Cboe earnings bets on Apple, Tesla

Cboe sought approval in July for contracts tied to 100 metrics across 23 firms including SpaceX & Coinbase.

The hit

Robinhood will be the first retail broker to offer Cboe Global Markets event contracts tied to corporate earnings & other data points, according to Casino.org. Cboe said the contracts could launch in October, pending regulatory approval; Casino.org notes that would be just in time for the start of third-quarter earnings season.

Why it matters

Prediction markets are Robinhood’s fastest-growing business line, driven largely by sports contracts. Earnings-linked KPI derivatives could pull in the traders who joined Robinhood to trade financial markets, not sport. The announcement arrives as prediction markets more broadly court professional traders beyond sports betting.

The record

Contracts sought	Binary derivatives tied to 100 KPIs across 23 public companies (Cboe, filed in July)
Companies expected	Apple, Coinbase Global, SpaceX, Tesla & Robinhood itself
Fee waiver	Both Cboe & Robinhood waiving fees on KPI contracts through the end of this year
Target launch	October, pending regulatory approval (Cboe)

What happens next

Watch for regulatory approval, with third-quarter earnings starting in earnest during the second week of October.

Sources: Robinhood Will Be First Broker to Offer Cboe Earnings-Linked Prediction Markets

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