Robinhood Expands into Prediction Markets

Robinhood, the popular retail brokerage known for stocks and crypto, is expanding into futures and derivatives, aiming to become a one-stop shop for investors. Theyre launching a new exchange with Susquehanna International Group and acquiring a majority stake in MIAXdx, a derivatives clearing house. This move, driven by strong growth in prediction markets, positions Robinhood to attract larger customers and partners, despite competition from other players.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.