Robinhood Markets (HOOD) on Monday launched a prediction markets hub within its app, allowing users to trade on event outcomes.
At launch, the hub will allow customers to trade contracts for what the upper bound of the target fed funds rate will be in May, as well as for upcoming men's and women's college basketball tournaments.
The new hub will offer contracts through KalshiEX, a CFTC-regulated exchange, Robinhood Markets said.
Shares of the company were 1.6% higher in recent trading.
Price: 39.81, Change: +0.57, Percent Change: +1.45
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