Robinhood Gets Into the Betting Business, Launches Prediction Market
While the hub will live in the Robinhood app, the “contracts” are being made available by Kalshi, which is technically a federally regulated exchange under the Commodity Futures Trading Commission—but has also drawn ire from that very same agency for allowing people to bet on the outcome of elections.
Robinhood announced the launch of its new prediction markets hub for customers to trade on the outcome of world events.
Robinhood launched a “prediction markets hub," allowing customers to buy and sell contracts (including for sports events) ...
The company is launching a new hub for investor predictions which will enable customers to buy event contracts based on the ...
13hon MSN
Event contracts allow traders to bet on specific outcomes, offering opportunities to profit from predictions on everything ...
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