# Prediction Markets Are Going Mainstream — Wall Street Is Already In, and Robinhood vs. Interactive Brokers Is the Trade

Page: https://stenobird.com/podcast/chip-stock-investor-podcast-6441813/prediction-markets-are-going-mainstream-wall-street-is-already-in-and-robinhood-vs-interactive-brokers-is-the-trade
Text version: https://stenobird.com/podcast/chip-stock-investor-podcast-6441813/prediction-markets-are-going-mainstream-wall-street-is-already-in-and-robinhood-vs-interactive-brokers-is-the-trade.md
Podcast: [Chip Stock Investor Podcast](https://stenobird.com/podcast/chip-stock-investor-podcast-6441813)
Published: 2026-05-07T14:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/chipstockinvestor/episodes/Prediction-Markets-Are-Going-Mainstream--Wall-Street-Is-Already-In--and-Robinhood-vs--Interactive-Brokers-Is-the-Trade-e3j1fus
Audio file: https://anchor.fm/s/e2cacf78/podcast/play/119635356/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-4-7%2F423678378-44100-2-ad7c9d1e2910b.mp3
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Duration seconds: 542

## Resource

Prediction markets have been easy to dismiss as a gambling product dressed up in financial language. That became harder to do when Intercontinental Exchange — the company that owns the New York Stock Exchange — quietly took a 25% stake in Polymarket. And when Robinhood partnered with Susquehanna to acquire a MIAX exchange platform that is already regulated and cleared specifically for prediction markets trading. The finance industry has a long habit of showing up wherever money is moving and taking a cut. It is showing up here now. The question for investors is not whether prediction markets will become a legitimate financial product — Nick and Kasey think that trajectory is clear. The question is which publicly traded companies are best positioned to benefit, and how to think about the difference between a short-term hype cycle and a genuine secular growth theme. In this episode, CSI steps outside its core semiconductor focus to cover the full prediction markets landscape and compare Robinhood and Interactive Brokers head-to-head on their Q1 2026 earnings — because the way those two businesses generate revenue tells you almost everything you need to know about which one is built for the long run. Robinhood reported $1 billion in revenue, up 15% year over year, with EPS up just 3% — slower than investors expected. The stock dipped on the report. But the MIAX acquisition is genuinely interesting: a regulated, cleared prediction markets exchange that could morph from a retail gambling product into a professional risk management tool for investors hedging real portfolio exposure against real-world outcomes. Interactive Brokers reported $1.68 billion in revenue, up 17% year over year, across 4.75 million accounts. The revenue chart tells a different story — smooth, consist…

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## Transcript

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