Robinhood is betting on itself. literally.
The company has started routing some FIFA World Cup event contracts through Rothera, a derivatives exchange co-owned with Susquehanna International Group, rather than relying entirely on Calci. The move covers individual match results, overall tournament winners and total goal contracts.
Robinhood shares rose more than 6% following the announcement.
Why Robinhood is building its own exchange
Following CFTC approval, Rosella began self-certifying its soccer event contracts in May 2026 and submitted an application for certification of four specific soccer contracts on May 28. Rossella recently reported weekend trading volume of over $2 million. Robinhood previously processed approximately 3 billion event contracts each month and generated approximately $30 million in revenue each month.
Robinhood entered the prediction markets space in early 2025 through its partnership with Carsi, initially focusing on NFL and college football contracts. In November 2025, Robinhood, together with Susquehanna International Group, acquired a majority stake in LedgerX Exchange, which was subsequently rebranded to Rothera. CEO Vlad Tenev highlighted Rosella’s plans for a Q2 2026 launch during a recent earnings call, noting the benefits of having a fully integrated marketplace platform compared to previous rate-sharing arrangements with partners.
The World Cup as a stress test
The 2026 FIFA World Cup will be held in the United States, Canada, and Mexico. Not everything migrates from Karshi. Some World Cup contracts will remain on third-party exchanges while Robinhood evaluates Rossella’s performance in live terms.
