Robinhood Markets Hits Record Trading Day, Sees Growth in Prediction Markets and AI Trading

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Robinhood Markets (NASDAQ:HOOD) recorded its highest-ever equity trading day on the Thursday preceding a Wolfe Research event, Chief Brokerage Officer Steve Quirk said, as he…

Robinhood Markets (NASDAQ:HOOD) recorded its highest-ever equity trading day on the Thursday preceding a Wolfe Research event, Chief Brokerage Officer Steve Quirk said, as he outlined growth opportunities in prediction markets, agentic trading and wealth management.

Quirk said trading on the record day significantly exceeded the company's previous high, including levels reached during 2020 and 2021. He described Robinhood customers' behavior during volatile markets as "cautiously aggressive," saying they have often bought stocks after declines.

With the average customer in their 30s, Quirk said many have a longer investment horizon than customers at some established brokerages. He cautioned, however, that he could not predict how Robinhood users would respond to a prolonged market downturn.

Quirk identified prediction markets, agentic trading and wealth management as newer areas receiving particular attention and resources. Sports have dominated prediction-market activity, he said, but he expects non-sports contracts to be a significant source of growth.

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He pointed to contracts tied to economic indicators and company key performance indicators as potential areas of interest. Quirk also said the company's non-sports activity had doubled, without specifying a time frame or baseline.

Asked about regulatory uncertainty, Quirk said sports contracts are the principal area of contention and that he could not predict where the issue would ultimately land. He said Robinhood prepares for a scenario in which sports contracts are unavailable and pointed to other offerings, including KPI options being launched with Cboe.

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On agentic trading, Quirk said more than 200,000 customers were using the capabilities, though they remain a small portion of Robinhood's customer base.

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