Robinhood executive says demand for BTC, gold price prediction markets is rising fast

Demand for prediction markets tied to Bitcoin, gold, and oil prices is increasing, JB Mackenzie, vice president and head of futures and prediction markets at Robinhood, said at the NEXTPredict conference in New York, according to CoinDesk. Mackenzie said sports remains the platform’s biggest product category, but user behavior is shifting as traders increasingly bet on financial market price moves beyond sports events and elections. Contracts tied to price swings in assets such as Bitcoin, oil, and gold are beginning to account for a dominant share of the market and are currently the fastest-growing products, Mackenzie said.