Robinhood Prediction Markets App Review 2026: How to Trade on Mobile

Robinhood app pros and cons

Quick look at how the Robinhood app works

The Robinhood app is a downloadable option for anyone who wants to use the prediction market service on a mobile device. Using the app, you can trade event contracts, which involve purchasing Yes or No contracts for an event. Each contract is priced between $0.01 and $0.99, and you get a $1 payout if you predict the correct outcome of a real-world event. Of course, you can also make a wrong prediction, which means you get no payout and end up with $0.

The low cost of event contracts makes them accessible to everyone, so it's a great option for traders on a tight budget. You can select events and buy contracts directly in the Robinhood app for iOS and Android, just as on desktop. The app interface is similar to the desktop version, but it has less clutter and faster navigation. You can quickly open an event, and the contracts appear just below the chart, so you don't have to scroll too far to find them.

Using the Robinhood app offers several benefits, with many traders able to process transfers much faster. You'll also get to adjust your notification settings so you can get updates on new markets or the latest offers as soon as they drop. The option to access the app from anywhere means you'll also be able to trade and adjust your contract holdings on-the-go, which can come in handy when you need to reduce your exposure while far away from your computer.

The Robinhood app ratings and performance

Robinhood has been in operation for a long time, and this has given the operator time to perfect its mobile services. If you try out the Robinhood app for iOS and Android, you'll notice everything works smoothly. Overall, the app is a fine-tuned part of the Robinhood ecosystem, offering access to features such as investing, options trading, prediction markets, and a learning segment.

While we rate the apps very highly, you'll also find that others consider them top quality on the App Store and Google Play Store. Depending on the store you visit, these are the app ratings:

Downloading the Robinhood app and setting up an account

To trade Robinhood event contracts, you need to get the app and set up an account. The process isn't as fast as on other prediction markets, since you have to apply to trade, but you should be set up within a few hours if everything goes well. To get started, follow these steps to get the app and create an account:

1. Click on our links to open the Robinhood website and find the app download option.
2. Install the app and open it for the first time.
3. Create a regular Robinhood account if you don't already have one.
4. After creating the account, tap the profile icon, then the hamburger icon to open the menu.
5. Select investing from the menu and scroll to the Futures and events contracts trading.
6. Tap the Apply to Trade Events contract button.
7. Complete the application by following the prompts, then submit it.
8. Once it's approved, you'll be able to access the prediction markets and trade event contracts.

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Prediction markets you can trade on the Robinhood app

Robinhood offers various prediction markets to trade in, and you'll find more than 10 of these markets. For US traders, the Robinhood sports markets will be a popular option, since you'll be able to trade on NBA, football, and soccer events in most states. However, the sports prediction market isn't available in all states, so you'll have to confirm whether you can use it in your state.

Although there are specific markets you can find, Robinhood may sometimes extract a specific category if many traders are paying attention to it. For example, we've seen separate World Cup and Iran categories on prediction markets. When things are more relaxed, these are some of the standard prediction markets you'll find at Robinhood:

• Sports
• Cryptocurrency
• Entertainment
• Technology
• Metals
• Education
• Elections
• Economics
• Climate
• Commodities
• Financial

We've traded on events in most of these markets during our Robinhood prediction markets review, and we provide a breakdown of how to do so if you're interested.

Trading fees on the Robinhood app

Since we already have an article, Robinhood fees explained, that gives a detailed explanation of the trading fees, we'll only provide a summary of what to expect here. On the Robinhood app, you'll have to pay a fee when you purchase a contract, make an early exit from a trade, or process an instant withdrawal. Robinhood charges a flat fee on trades, as you'll see below:

Conclusion: Easy access to popular prediction markets with the Robinhood app

Everyone loves having a mobile app for their prediction market trading, and Robinhood delivers on this front. You'll find a fully functional Robinhood app for iOS and Android, with the same features you get on the desktop website, but with faster load speeds, push notifications for updates, quicker sign in, and a more user-friendly interface.

Trading on the mobile app is seamless, and many traders who've used it confirm that it meets all their trading needs. You can tweak certain features of your mobile app to improve the performance, and you'll be able to switch seamlessly from prediction market trading to investing and other Robinhood services.

Robinhood is open to anyone who is 18 or older. If you meet this age requirement, you can click on the links on this page to get the app, set up an account, and start trading.

Robinhood app for iOS and Android FAQs