Prediction markets are becoming increasingly popular in the US, and the Robinhood app has played an important part in that. If you are keen to discover how it all works, then this short guide is required reading.
We’ll cover the principles behind event contracts, and how this works when using the Robinhood app.You’ll also see how and where to download the app for your device, and what other traders think. This will leave you ready to check out the app for yourself, knowing what to expect and if it is the right move for you.
Robinhood app pros and cons
Before you download the Robinhood app, here are a few upsides and downsides:
Pros and Cons
- Use prediction markets on the move
- Available for both iOS and Android devices
- User focused, smooth process
- Sports trading can be affected in some states
What is the Robinhood app?
The Robinhood app is specifically designed to allow you to use the platform on your mobile device. It gives you the opportunity to buy and sell
Robinhood event contracts
and predict the outcome of real world events. These event contracts have various categories, from the number of tweets Elon Musk might make to the winner of the ICC Cricket World Cup. This sits alongside the other functions on the Robinhood app which is available for both Android and iOS devices.
| Robinhood app | Android | iOS |
| Available from | Play store | App Store |
| Rating | 4.3/5 | 4.4/5 |
| Requires | Android 7.0 or higher | iOS 14.0 or later |
Whether you’re an Apple or Android phone user, here are the easy steps to download the Robinhood app:
Installing the Robinhood app for Apple Devices
-
Open the Apple App Store
-
Search for ‘Robinhood’
-
Confirm you’ve got the right one by checking its published by Robinhood Markets Inc ot the logo
-
Hit ‘Get’
-
Authenticate using Face or Touch ID, or password
-
Once installed, open the app and create your account.
The process is equally simple for Android users:
Installing the Robinhood app for Android Devices
-
Open the Play Store
-
Search for ‘Robinhood’
-
Confirm you’ve got the right app by checking the publisher or logo
-
Hit ‘Install’
-
Again, once installed, open the app and create your account
Always check you are downloading the correct app, as Robin Hood is quite a common name for various products, including an online bingo site, so you need to make sure you are not wasting your time installing the wrong app.
Using the Robinhood app
Once you have downloaded the app, you’ll need to create your account, and while this will clearly be a little more involved than downloading the app, the smooth user interface doesn’t make it more complicated than it needs to be. You’ll need to be:
- At least 18 years of age
- A US resident with a valid Social Security number
- Have the valid ID to for KYC validation
The registration process involves providing the usual personal data, often linking your bank account and verifying your identity. This is required because Robinhood is a US-regulated financial platform that partners with CFTC-regulated exchanges. All prediction markets currently need to abide by these CFTC rules to stay regulated, which we also found in
our PrizePicks review
and others here at The Grueling Truth.
Once you are registered you can fund your account and look at the available prediction markets and the
Robinhood odds. You can use the app in all 50 states, but you may see restricted
Robinhood sports events trading
options in Maryland, New Jersey, and Nevada where there is some legal back and forth.
How predictive markets work in the Robinhood app
As you might expect, the process for buying and selling contracts on the Robinhood app is virtually identical to using the desktop version, with adjustments made for the smaller screen. Various markets are displayed, with featured events sitting front and center.
Clicking any of these event contracts will open up the prediction markets, which will consist of a question and a simple yes/no response, each with a percentage next to it. This is what the market considered to be the probability of the outcome, so for instance for US gas prices going above $2.90 in Feb 2026, “Yes” might have a probability of 94% and “No” a probability of 6%.
💼 Buying Event Contracts Using the Robinhood App
If you want to buy contracts in this market, you could buy Yes contracts for $0.94 plus
Robinhood fees
of typically $0.02 per contract, or No for $0.06 plus the same commission fees. You can toggle between Yes and No on the trade slip, and entering the number of contracts you wish to buy will show you the full price including commission so you know exactly where you stand before entering into the contract.
Once you have bought your contracts, you can wait for the event to settle, and if successful, each contract will be worth $1, and if you are unsuccessful, it will be worth nothing. You also have the option to sell some or all of those contracts before the event settles, if the markets move in your favor.
For example, if you bought a Yes contract at $0.28 and it is now worth $0.55 due to a shift in what the market thinks, then you could sell those to lock in a profit. There would also be commission applied to this second transaction as well, so consider this when thinking about trading event contracts that have only slightly moved in your favor.
📱 Using the Robinhood App to Track Events
We found that the markets updated quickly, and you’ll lose nothing by using the app instead of the desktop version, in fact it was easier to scroll through the markets using the app than scrolling down through the website. The overall color scheme also works pretty well, especially when looking at the sports markets, and even with other events like the gas prices discussed earlier, even a new trader can see what is going on easily.
You can also see the market movements in graph form, again easy to work on on the smaller screen of the app, and this data goes back days or even weeks from when the event was first listed. This is perfect for seeing trends on where the market thinks it is going, and any anomalies.
🌐 Access Robinhood on Your Phone Without the App
As you’ll see in our full
Robinhood review, there is one more thing to mention. While these apps are very easy to use, and the millions of users who have installed them already reflect our own high opinion, you don’t have to use them if you don’t want to. You can still access the Robinhood platform using the browser on your phone, and you will have a very similar experience, but with nothing to install or update – and you can access it now using the links on this page.
![]()
Sign up to Robinhood on mobile
![]()
Check out economic predictions on Robinhood app
Conclusion – use the Robinhood app to make event predictions of the move
Prediction markets and event contract trading is becoming more and more popular, with platforms like Robinhood at the forefront of this growing trend. If you are interested in trying it for yourself, you’ll need to make sure you have the right tools available and the Robinhood app is highly rated not just by us but by millions of users as well.
You can add it to your phone in minutes from official app stores and the basics like buying and selling contracts is so simple and intuitive that even the newest trader would know how it works.You can take a closer look at Robinhood using the links on this page, and see if event contract trading is for you.
Robinhood app FAQs
📱 Does Robinhood have an app?
Yes. There is a Robinhood app available from the approved app stores for both Android and iOS devices. When we checked, they are rated at 4.3 and 4.4 out of 5 by millions of users and can be downloaded and installed in minutes.
🌐 Does the Robinhood app have all the same markets as the main platform?
Yes, you’ll find everything here you see on the version on your laptop, adjusted for the smaller screen. So if you want to predict how many posts Elon Musk will make on X this month, or if the gas price will go above $3, you can do it just as easily on the app as you could on your laptop.
🎂 How old do you need to be to use the Robinhood app?
The age to use the app is the same as the age for the main platform, at least 18 years old. There are also the same rules for locations as well, so while you can join in all 50 states you should check sports markets availability in some states.
