News linked to both this project and an event.
Bernstein suggests Robinhood is poised for a "strong tailwind" as prediction market trading volumes hit record highs during the World Cup.Data shows that daily trading volume in prediction markets during the early stages of the FIFA World Cup surged from $2.2 billion on June 11 to $4.8 billion on June 12, setting a new all-time high, surpassing the $1.4 billion traded during the previous Super Bowl.Analysts note that prediction markets have become one of Robinhood's fastest-growing revenue lines since their launch. The firm projects Robinhood's prediction market revenue will grow from $150 million in 2025 to $586 million in 2026, representing an increase of approximately 286% year-over-year, and is expected to account for 17% of trading-related revenue and 10% of total revenue in 2026.Bernstein believes Robinhood's partnership with exchange and clearing house Rothera, which is regulated by the U.S. Commodity Futures Trading Commission (CFTC), is a competitive advantage. Since its launch on May 28, Rothera has processed approximately 200 million contracts in 18 days, with FIFA World Cup and MLB-related contracts contributing nearly all of the trading volume. Analysts state that Robinhood's core strength lies in its distribution capability, with its massive user base, a commission of $0.01 per contract, and strategies like up to 50% fee discounts for Gold members helping to drive user engagement.Furthermore, Bernstein indicates that competition in the prediction market space is expanding, including Polymarket launching event contracts for private companies and Kalshi introducing cryptocurrency perpetual contracts. The firm estimates that the World Cup will bring over $3 billion in new betting volume to prediction markets and boost overall consumer trading volume in the industry by $5 billion to $10 billion. (The Block)
investment firm Bernstein has released a report indicating that the expanded 48-team 2026 FIFA World Cup, set to take place in North America, is expected to drive up to $10 billion in consumer transaction volume for sports betting and prediction markets, along with over $3 billion in incremental capital.Bernstein analysts pointed out that this World Cup could be a turning point for prediction markets and online sports betting platforms, accelerating the development of platforms like Kalshi and Polymarket. Robinhood is leveraging this opportunity to commercially launch its CFTC-licensed prediction market exchange, Rothera. Institutions such as Binance and Coinbase are also offering World Cup contracts through partnerships. Currently, on the Myriad platform, Spain and France have the highest odds of winning. (Decrypt)
that, according to Bubblemaps, the FIFA-related token WCUP, which launched yesterday, surged to a market cap of approximately $50 million. Over 30 new wallets snapped up 95% of its supply immediately at the opening. These wallets were funded by multiple centralized exchanges within the half-hour before the launch, had no prior on-chain history, and subsequently distributed the tokens to over 2,500 new addresses via Uniswap Router.Bubblemaps noted that the project's documentation only vaguely mentions a presale and partner allocations, with no on-chain evidence directly linking to the team. However, this level of concentration, combined with undisclosed paid promotion arrangements with KOLs, poses a significant risk.
It is reported that Bybit recently launched a new category of contracts: USDT Event Settlement Contracts, which are based on the outcomes of sports events. Users can trade these contracts in real time before and during matches, with automatic settlement after the event concludes. Product Features: - Contract prices are benchmarked at 10, reflecting the market’s real-time expectations for the home or away team’s victory: prices above 10 indicate bullish sentiment toward the home team; prices below 10 indicate bullish sentiment toward the away team. - Settlement price formula: 10 + (home team goals − away team goals). Only goals scored during the official 90-minute match duration count; goals scored during extra time or penalty shootouts are excluded. - Settlement occurs 130 minutes after the scheduled match kickoff. A “close-only” mode is activated during the final 20 minutes prior to settlement. - Maximum leverage supported is 5x; minimum initial margin is 10 USDT. According to comprehensive reports, the first batch of contracts will be rolled out progressively aligned with the 2026 FIFA World Cup schedule. Exact listing times for individual trading pairs will be announced officially by the platform.
WEEX Exchange has launched the large-scale themed trading reward campaign “World Cup × Monopoly: Participate and Win $1 Million in USDT,” which runs until 23:59:59 (UTC+8) on July 20, covering the entire World Cup season. The campaign features low participation thresholds and highly engaging interactive gameplay: users can earn dice by completing tasks such as registration, depositing funds, trading futures and spot assets, consuming dice, and inviting friends to join. After rolling the dice, users advance across the game board according to the number shown; landing on specific squares entitles them to rewards including BTC, ETH, and USDT. Rolling dice to advance on the board and completing weekly trading tasks both accumulate points. Reaching designated point thresholds unlocks milestone rewards such as USDT, WXT tokens, fee discounts, and trial funds. Additionally, users can spend points to interact with World Cup matches—cheering for their favorite teams—and leverage small investments to earn even more points.