Since launching prediction markets in late 2024, Robinhood users have traded more than 2 billion event contracts. If you’re considering signing up to start trading these contracts, you can claim a bonus without needing to enter a Robinhood promo code.
Simply register using the links on this page, and you’ll receive up to $200 in free reward stock. You can’t trade this stock directly on event contracts, but you’re able to sell it and use the proceeds. In this guide, we’ll explain how the bonus works, how to claim it, and how to use it toward event contracts.
There is currently no active Robinhood promo code. Instead, you can claim the bonus by signing up through the link in the banners on this page.
After registering through the link and connecting a bank account or debit card, you’ll receive up to $200 in free reward stock. The value is randomly selected and will be $5, $10, or $200.
Most new users receive $5 (about 99%). Around 0.9% receive $10, and roughly 0.1% receive the full $200. This free reward gives you everything you need to start trading without risking your own money.
Before claiming a bonus, make sure you understand the terms and conditions that apply. Here is a breakdown of the key terms and conditions for the Robinhood promo, and what they mean for you:
| Terms and conditions | What it means for you |
| New users only | The offer applies only when opening your first brokerage account with Robinhood. |
| No promo code required | You need to sign up using our page banners. |
| Bonus amount | You’ll get $5, $10, or $200 in free stock. |
| 3-day holding period | The free stock can’t be sold for the first three trading days after it’s issued. |
| 30-day cash withdrawal hold | If you sell the stock, that money must stay in your account for 30 days before it can be cashed out. |
| Immediate trading access | You can use the proceeds from selling the stock to trade event contracts right away. |
| Derivatives account required | You must apply and be approved for a Robinhood Derivatives account before buying event contracts. |
| Set trading hours | Event contracts trade daily from 8 am to 3 am ET. |
| Trading fees apply | Each contract you buy or sell is charged a flat $0.01 exchange fee. |
You don’t need a Robinhood promo code to get your welcome bonus of up to $200 in reward stock. Just follow these steps:
Click our links: The link appears in the banners on this page and takes you directly to Robinhood.
Open your first brokerage account: Fill out the application, verify your identity, and wait for approval
Link a bank account or debit card: After your account is approved, open the app, go to Account, then Transfers, and connect a bank account or debit card in your name
Receive your bonus amount: Once your payment method is linked, you’ll be assigned a random reward of $5, $10, or $200
Claim your reward stock: Use the credited amount to buy a whole or fractional share from Robinhood’s list of 26 eligible US companies
After ordering your free stock, it should be credited to your account within a week. Once it arrives, the stock is subject to a mandatory three-day holding period. During this time, you can’t sell it or use it to trade event contracts.
When the holding period ends, though, you are free to sell the reward stock. The money from that sale can then be used to trade Robinhood event contracts without requiring a deposit of your own. This gives you a way to test the markets and make real trades with zero upfront commitment.
Here’s how it works:
Sell your reward stock after the three-day holding period.
Apply for a Robinhood Derivatives account, which is required to access event contracts
Open the Prediction Markets hub inside the app once your derivatives account is approved
Browse available categories, including sports, politics, finance, and other real-world events
Select a Yes or No outcome, then enter the number of contracts you want to buy
Use the proceeds from your stock sale to buy the contracts and start trading
Trading hours for all event contract categories on Robinhood, including sports, run daily from 8 am to 3 am ET. Also, remember the Robinhood fees: each trade carries a flat $0.01 exchange fee.
As explained in our guide to Robinhood sports predictions, event contracts are classed as financial derivatives rather than traditional wagers. They let you speculate on the outcomes of real-world events across a wide range of topics. Sports is the most common category, but you’ll also see contracts related to politics, culture, finance, technology, science, and more. Regardless of the category, every event contract comes down to a simple Yes or No question.
For example, while Robinhood election betting doesn’t exist, you might find a contract based on an election outcome. This could be: “Will President Trump be re-elected?” You choose Yes or No based on what you believe will happen. The price of each contract moves between $0.01 and $0.99, reflecting the market’s collective perception of that outcome. As confidence in a result increases, the price moves closer to $0.99. Lower confidence pushes it toward $0.01.
You’re free to buy, sell, or trade contracts before the event finishes, or you can hold your position until the final results. Once the outcome is known, winning contracts pay $1 each, while losing contracts expire worthless.
If you’re interested in trying Robinhood’s event contracts, the welcome bonus offers a simple way to get started without risking your own cash. You don’t need a code – just use the banners on this page, open your account, and link your payment method. Once you do, you’ll receive $5, $10, or $200 in reward stock from Robinhood’s list of 26 eligible US companies.
You can’t trade this stock directly for event contracts, but you can sell it after the three-day holding period. From there, the cash proceeds can be used in your derivatives account to access the Prediction Markets hub. That’s where you can start trading Yes/No outcomes on sports, politics, finance, and other real-world events.
There isn’t an active Robinhood promo code right now, but you can still claim up to $200 in free reward stock as a new user. Just sign up using the links on this page, link your bank account or debit card, and Robinhood will award a stock valued at $5, $10, or $200. You’ll receive a whole or fractional share chosen from a list of 26 eligible US companies.
After your account is created and you’ve linked a payment method, a bonus amount is automatically selected for you at random. The possible amounts are $5, $10, or $200. Most new users are awarded $5, which happens about 99% of the time. A smaller group receives $10 (about 0.9%), and only a very small fraction (roughly 0.1%) receives the maximum $200 bonus.
Every bonus amount, even the smallest $5 reward, can be used to purchase any of the 26 eligible US companies listed by Robinhood. If your bonus isn’t enough to buy a full share, you’ll simply receive a fractional share instead.
You can’t use the free stock to buy event contracts directly. However, once you complete the three-day holding period, you can sell the stock and use the proceeds in your derivatives account. After that, just open the Prediction Markets hub in the app to browse event contracts across sports, politics, and more.
Event contracts allow you to trade on outcomes of real-world events, such as sports results, election outcomes, and more. Each contract is a simple Yes/No proposition priced between $0.01 and $0.99, reflecting the market’s current confidence in a particular outcome. You can buy or sell contracts at any time before the event concludes, or hold until settlement. Winning contracts pay out $1, while incorrect predictions expire worthless.
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