Robinhood is a popular prediction market site, but you must meet the eligibility criteria to join. A key condition is that you have to meet the Robinhood age requirement, otherwise you will not be granted access.
To create an account, you must be 18+ years old. Your age will be verified after registration by requesting you to upload a few documents, including your government-issued ID, such as a passport or driver’s license. This requirement is in place to protect minors from trading online, as you can’t enter a legally binding contract below the age of 18.
Facts
| Support Types | E-Mail, Live Chat, Hotline |
What’s the Robinhood Age Requirement?
Before you can enter the Robinhood website or download the app, you must be at least 18 years old. As Robinhood is under strict regulation by the CFTC (Commodity Futures Trading Commission), there’s a super strict age requirement for traders.
If you meet the age requirement, you can open an account for Robinhood event contracts and trading
From there, you can access the full range of prediction markets, including sports, crypto, climate, politics, economics, and more. It’s worth noting that you should not share your account with anyone else, regardless of their age.
If Robinhood suspects any such activity, your account may be at risk of being suspended, which isn’t worth the risk.
How Does Robinhood Verify Your Age?
By now, you know that Robinhood has a minimum age requirement of 18+ years old to trade on Robinhood election markets. But how does the site verify your age? Robinhood requires all new users to complete a Know Your Customer (KYC) verification check after registration, which checks the legitimacy of the information you have provided.
In short, if you have entered any incorrect information, you will be caught pretty fast. While you are trusted to provide the correct information at first, you will be asked to submit evidence to support this during the verification process.
Your information is verified with the following documents, which must be valid and in date:
| Verification | Type of document |
| Government-issued ID | Passport or driver’s license |
| Social Security Number | The last 4 digits |
| Proof of address | A recent bank statement or utility bill |
Other Eligibility Requirements at Robinhood
It’s not just your age that you will need to prove at the time of registration. You will also need to verify your identity and location to make sure that you are an eligible player. Robinhood uses advanced geolocation software that will detect where you are based. So, while you are asked to select your region during registration, this is verified through sophisticated software, too.
If you attempt to register using a VPN, your access may be blocked, and any account you open may be suspended. In short, it’s best to stick to the rules when opening an account at Robinhood.
When you submit the above documents, all of these details will be confirmed.
When Robinhood is happy that you meet all the requirements, your account will be approved, and you will be given unrestricted access to the site and its Prediction Markets hub.
Steps: Getting Your New Account up And Running at Robinhood
We opened a new account at the start of our Robinhood prediction markets review, and the process was so seamless that you will be ready to trade in no time at all. Follow the steps below to sign up for an account:
-
Follow the on-page links to load the Robinhood website
-
(Optional) Install the Robinhood app
-
Click the “Sign Up” button
-
Select your region from the dropdown menu
-
Enter your details, including your name and email
-
Set a password for your account
-
Accept the T&Cs
-
Complete the registration and submit
Once you have opened your account, you will need to apply for a Robinhood Derivatives account. This is needed to access the Prediction Market hub, where you can buy and sell event contracts.
You won’t find any Robinhood odds here, but you can then view the probability and choose a side to back.
Pros and Cons of The Robinhood Age Requirement
Still weighing things up? Check out our summary of the pros and cons to help you out:
Pros and Cons - Low age requirement
- Seamless verification process
- CFTC compliant
- Accounts are manually approved
Read More
Conclusion: 18+ Years Old? You Can Join Robinhood Today
Robinhood has a reasonable age requirement of 18 years old. It’s the standard minimum age limit for prediction market sites, so it’s great to see that Robinhood has followed suit. Robinhood is regulated by the CFTC, which oversees the legalities of the site.
As such, Robinhood has a strict verification process to confirm that all new traders meet the eligibility criteria.
Provided that you meet the requirements, you can get started and create a Robinhood account. You can do so by tapping the promotional banners on this page to launch the official Robinhood website. From here, you can request an account, and your details will be manually approved.
Robinhood Age Requirement FAQ
- 👨👩👦 Can my parents give consent for a Robinhood account?
No, Robinhood doesn’t allow custodial accounts. Even with parental consent, you will not be permitted to open an account with Robinhood. The minimum age requirement of 18 years old is final.
- 🆔 How do I prove my age for my Robinhood account?
Robinhood will request an in-depth verification check after you have opened an account. You will be asked to provide a copy of your government-issued ID, social security number, and proof of address. Overall, these will verify your identity, age, and location.
- 🎁 Will I be eligible for a welcome bonus at Robinhood?
While there is a Robinhood sign-up bonus, this isn’t directly for prediction market activity. Instead, this bonus will give you up to $175 in reward stock, which you can sell to fund your trading.
- ⏳ How long does a verification check take at Robinhood?
Robinhood works through the verification checks in the order that they arrive. This may cause minor delays, but things tend to move pretty fast, so you shouldn’t be waiting any longer than a few working days.