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Mar 17, 2025
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Robinhood Launches Prediction Market Hub in Competition with Polymarket

1 min

Robinhood is launching a prediction market on its platform, in collaboration with CFTC-regulated exchange Kalshi. This new feature allows users to bet on outcomes of events.

  • The launch follows the success of Polymarket, which gained popularity during the U.S. presidential election.
  • Polymarket attracted over $3.6 billion in bets related to the election.
  • Concerns were raised regarding the anonymity of bettors and potential influence on election results, leading to an FBI raid on Polymarket CEO Shayne Coplan.
  • Robinhood has been in discussions with the CFTC about the new offering.
  • The initial betting options include predictions on the target fed funds rate and college basketball tournaments.
  • Robinhood's shares rose 2.3% to $40.17 on Monday.