Rothera poised to boost Robinhood's prediction markets ahead of football season

Piper Sandler says Robinhood's Rothera, the CFTC-approved football-contract prediction market launched with Susquehanna, should lift volume ahead of NFL/NCAA football season as about 23% of Robinhood's prediction activity has shifted from Kalshi since June. The firm lifted its 2026–27 EPS targets and price to $145, and forecasts roughly 29.7 billion event contracts and about $320 million in revenue for September–December 2026 (roughly $960 million annualized). Rothera launched in June; Kalshi’s football share remains meaningful but less dominant than during past seasons.