Robinhood Launches Innovative Prediction Markets Hub

In a groundbreaking move, Robinhood Derivatives, LLC has introduced a prediction markets hub, now accessible directly within the Robinhood App. This innovative feature enables customers to engage in trading based on the outcomes of major global events, as announced in a recent statement.

"We are firm believers in the potential of prediction markets and their significant role at the crossroads of news, economics, politics, sports, and culture. We are thrilled to provide our customers with a novel avenue to participate in prediction markets, all while adhering to existing regulations," stated JB Mackenzie, Robinhood's VP & GM of Futures and International.

Initially, the hub will be available to users in the United States through KalshiEX LLC, an exchange regulated by the Commodity Futures Trading Commission (CFTC).