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Home Crypto

The Hottest Prediction Market in Crypto Just Left Solana, But Why?

by MarketNewsBoard
1 day ago
in Crypto, Solana
Share on FacebookShare on Twitter
New Solana Prediction Market World Shifts to Robinhood. Photo by BeInCrypto
New Solana Prediction Market World Shifts to Robinhood. Photo by BeInCrypto

The World prediction market, which launched on Solana (SOL) barely a week ago, said it will move to Robinhood Chain. The team offered no clear reason for leaving so soon after its debut.

The switch reverses a story from days earlier, when World was Solana’s homegrown answer to Polymarket and Kalshi. Now it is tying its future to a mainstream broker’s network.

A Fast Rise for the World Prediction Market

Prediction markets let people bet real money on the outcome of real events, from elections to football matches. World arrived in that fast-growing space with real hype.

The project built attention with a stealth campaign, teasing a glowing globe and the line “Trade Everything” before any product. It then went live inside Phantom on July 1, a wallet with more than 15 million monthly users.

World never holds user money. It settles bets automatically using Chainlink data and pays winners in a stablecoin called CASH.

That hands-off payout set it apart from Polymarket and Kalshi, where users often have to claim their winnings themselves.

The Solana Foundation itself championed the launch. Its head of consumer, Pedro Miranda, called prediction markets a showcase for what the network can do.

The app opened with short-term Bitcoin (BTC) price bets and 2026 FIFA World Cup markets. It also pushed out Kalshi inside Phantom, which had run the wallet’s markets since December 2025.

Its debut landed as the value of open bets across prediction markets hit a record $1.48 billion in June. That figure comes from a16z crypto.

Solana Out of the Prediction Market Race?

World framed the move as a considered choice. In its announcement, the team thanked the Solana Foundation and community but did not explain its thinking.

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Notably, the team pointed to no technical fault with Solana, which offered low fees, fast trades, and support for Phantom’s users. That silence is why the move looks like a business decision rather than a fix.

The clearest pull is reach. Robinhood Chain launched on July 1 as its own blockchain for tokenized stocks and on-chain finance, built on Arbitrum technology.

Its parent serves nearly 28 million customers across 38 countries, most of them mainstream investors rather than crypto users.

Robinhood also has its own stake in the category. Prediction markets have been its fastest-growing product line by revenue, the company says.

“Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on that momentum,” said JB Mackenzie, VP and General Manager of Futures and International at Robinhood. “Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”

In its first year, more than 1 million customers traded over 9 billion contracts. Robinhood is now building a CFTC-licensed exchange with market maker Susquehanna.

Continuity helps too. Chainlink, which powers World’s payouts, already works with Robinhood Chain, so its setup can follow along. Such moves often come with grants or funding, though World has confirmed none.

Traders Question the Motive

Not everyone bought the friendly framing. Some users accused World of using Solana for launch-week attention, then leaving once the hype paid off.

Will World rug or shutdown
User suggests unfavorable end for World. Source: Koki on X

Those claims stay unverified, and World has framed the change as a migration, not a shutdown.

Because the protocol never holds user funds, a shutdown alone would not lock up deposits. Still, the doubts flag a real risk for anyone holding open bets.

Still, others see the move as proof of Robinhood’s growing pull, given that a project backed by the Solana Foundation would jump ship so quickly.

The market has rewarded that expansion, with Robinhood’s stock recovering after a notable drawdown earlier in the session.

Robinhood (HOOD) Stock Performance. Source: TradingView
Robinhood (HOOD) Stock Performance. Source: TradingView

World Cup betting shows how much money now moves through the prediction market sector. One Polymarket trader lost $11.6 million on those markets in early July.

For now, key details stay thin, including how open bets move and when trading opens on the new chain. Whether the Robinhood bet pays off will hinge on the volume revealed in the coming weeks.

Read the Original story The Hottest Prediction Market in Crypto Just Left Solana, But Why? by Lockridge Okoth at beincrypto.com

Source: Original Article

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