CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
CoinDesk 2025-03-17 14:45:13

Robinhood Brings Prediction Market Hub to Market After Success of Crypto-Based Polymarket

After the success of crypto-based platform Polymarket trading venue Robinhood (HOOD) is now opening a prediction market on its platform, available through CFTC-regulated exchange Kalshi, the company said, with contracts rolling out today. The company's prediction markets hub will allow customers to bet on event outcomes, the HOOD announced in a press release . It's another competitor to Polymarket, the world’s largest predictions market, which exploded in popularity last year amid the U.S. presidential election and any number of other high- and lower-profile news events. The rise in popularity triggered intense scrutiny over the platform, which according to an analysis by NBC News, attracted over $3.6 billion in bets just for the presidential election. Some questioned the identities behind the bets and whether results on the platform may have even swayed the election result in a certain direction. Polymarket CEO Shayne Coplan’s New York City apartment was even raided by the FBI, who seized his phone and other electronic devices. Robinhood said that it has been speaking with the U.S. Commodity Futures Trading Commission (CFTC) in recent weeks. “We believe in the power of prediction markets and think they play an important role at the intersection of news, economics, politics, sports, and culture,” said JB Mackenzie, VP & GM of Futures and International at Robinhood. To kick off the product launch, traders will be able to bet on the potential upper bound of the target fed funds rate in May, as well as the upcoming men’s and women’s College Basketball Tournaments, Robinhood said. Shares of the trading app were up 2.3% on Monday, at $40.17.

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez