Patrick Moley
ON THE RECORD · 4 verbatim quotes · every quote source-verified
“Last year during football season, HOOD users made up between 22% and 30% of all volume traded on Kalshi, a share that has decreased to the mid-single digits behind Kalshi's quest to acquire more of its own users,”
Patrick Moley · said 2026-09-03 · reported 2026-09-03
Moley wrote that HOOD users' share of Kalshi volume has dropped to the mid-single digits from 22%–30% last football season.
“Given Kalshi & HOOD's US-centric user base, and the large gap in popularity between Soccer and Football in the US, we view the explosive World Cup volumes as a leading indicator of what's to come -- the NFL/[NCAA Football] season should be a significant catalyst for HOOD's 3Q26 and 4Q26 prediction market revenue,”
Patrick Moley · said 2026-09-03 · reported 2026-09-03
Moley wrote that explosive World Cup prediction market volumes are a leading indicator for Robinhood's football-season revenue.
“Major sports made up just 54% of Kalshi's mix in August 2026, down sharply from a high of 83% in November 2025,”
Patrick Moley · said 2026-09-03 · reported 2026-09-03
The Piper Sandler note said major sports made up just 54% of Kalshi's mix in August 2026, down from 83% in November 2025.
“Robinhood's shift to Rothera has accelerated the decline in its share of Kalshi's volumes,”
Patrick Moley · said 2026-09-03 · reported 2026-09-03
Moley said in the note that Robinhood's shift to Rothera has accelerated the decline in its share of Kalshi's volumes.