Robinhood does not require a promo code for its new user welcome offer. New accounts receive up to $200 in reward stock (based on random allocation — most users receive $5-$10 in stock value).
Current offer: Up to $200 in reward stock — no code required Commission: $0 on all prediction market trades Available: 49 states (Maryland excluded) Minimum deposit: $0
Why Robinhood Is Different
Robinhood's prediction market offer is unique because the bonus is not tied to prediction market trading specifically — it is a general Robinhood account bonus covering stocks, crypto, and event contracts all at once.
The real value proposition for prediction markets on Robinhood is not the welcome offer — it is the zero-commission model and the seamless integration with your existing brokerage account. For Robinhood users who already hold stocks or crypto, adding prediction market trading requires no new account, no new deposit, and no new app.
How Robinhood Prediction Markets Work
Robinhood sources event contracts from Kalshi's DCM infrastructure, giving users access to Kalshi's liquidity pool through the Robinhood interface. Available markets include NFL, NBA, MLB, NHL, macro, and elections.
A 0.03% fee applies when moving money in or out of USD. No commission is charged on individual trades. Interest of 4% APY is paid on uninvested cash balances, insured by FDIC up to $2.5M.
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How This Offer Compares
Other current sign-up offers across our top-rated platforms.
Frequently Asked Questions
§ References & Sources
- Commodity Futures Trading Commission (CFTC)— U.S. federal regulator
- CFTC Designated Contract Markets list— CFTC
- 26 U.S. Code § 1256 — Section 1256 contracts marked to market— Cornell Law / U.S. Code
- IRS Form 6781 — Gains and Losses From Section 1256 Contracts— Internal Revenue Service
- National Council on Problem Gambling — 1-800-GAMBLER— NCPG