Reported about 24 hours ago
Robinhood has launched a new prediction markets hub within its app, enabling users to trade on outcomes of events like the Federal Reserve's interest rate decisions. This move aims to cash in on the rising popularity of event-based derivatives, which allow traders to bet on real-world occurrences. However, the trading of such derivatives has raised regulatory concerns regarding potential gambling risks and market manipulation. Robinhood plans to start these services in collaboration with KalshiEX LLC and is looking to expand its offerings to remain competitive against traditional brokerages.
Source: YAHOO