Analysis: Robinhood and Coinbase may be the biggest beneficiaries of the predicted market explosion Odaily Planet Daily News: Cantor Fitzgerald pointed out in his latest report that with the rapid rise of the prediction market, Robinhood and Coinbase are expected to become the main beneficiaries of this track with their large retail user base and mature trading infrastructure. Although top platforms such as Kalshi and Polymarket are still unlisted companies, Robinhood and Coinbase have begun to enter the market by integrating event driven trading within their applications. Cantor pointed out that the prediction market allows users to trade contracts around real events such as elections and economic data, with prices reflecting group probability judgments. This model is similar to stock and cryptocurrency trading platforms, mainly charging fees based on trading activity. Among them, Robinhood's prediction market product launched after the US election has grown rapidly and has become one of its fastest-growing revenue businesses; Coinbase gradually opens up related functions to users by integrating with the Kalshi infrastructure. The report suggests that the predictive market not only has retail trading potential, but may also play a role in institutional hedging and macro forecasting in the future. However, regulation remains the biggest uncertainty, and there is still controversy over its legal attributes between derivatives and gambling.