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$HOOD BREAKING: Robinhood is expanding its prediction markets offering through a new joint ventu...
164 days agoamitamitisinvesting
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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Robinhood (HOOD) is expanding its prediction markets through a new joint venture with Susquehanna to operate a CFTC-licensed exchange and clearinghouse. This move aims to significantly grow Robinhood's fastest-growing revenue line, which has already seen 9 billion contracts traded by over 1 million customers. The author believes prediction markets could become a $1 billion business for Robinhood in the coming years, signaling strong potential for revenue growth.

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