It is with no small measure of astonishment that one observes the recent elevation of Robinhood’s shares, which have ascended by a remarkable 7% following the introduction of a most intriguing division dedicated to the art of prediction markets. This new venture permits the esteemed online brokerage to engage with a plethora of novel assets, including the ever-enigmatic cryptocurrencies and the rather whimsical event derivatives. How delightfully modern! 😏
Indeed, this innovative feature shall empower users to wager upon contracts pertaining to various events, such as the much-anticipated College Basketball Tournaments and the rather mysterious Fed funds rate expected in the month of May. One can only imagine the spirited discussions that shall ensue over tea! ☕️
“Prediction markets are at the intersection of news, markets, politics, sports and culture. @RobinhoodApp just launched our prediction market hub so customers can trade on the outcomes of the world’s biggest events.”
— Vlad Tenev (@vladtenev) March 17, 2025
In a most fortuitous partnership, Robinhood has allied itself with Kalshi, the inaugural CFTC-regulated prediction platform in the United States, to proffer these event contracts. Kalshi, in its wisdom, already lists predictions on a variety of outcomes, ranging from the results of elections to the rather subjective ratings of films on Rotten Tomatoes. How very democratic! 🎬
JB Mackenzie, the Vice President of Futures and International at Robinhood, has expressed the belief that “prediction markets play an important role at the intersection of news, economics, politics, sports, and culture.” Such markets, it appears, are often deemed more reliable than the capricious polls that so frequently grace our newspapers. Indeed, Kalshi has even predicted the triumph of Donald Trump in the 2020 elections. How prescient! 🧐
Since the year of our Lord 2024, prediction markets have enjoyed a surge in popularity, particularly following Kalshi’s legal victory which permitted it to list political event contracts. Robinhood, ever the trailblazer, first ventured into the realm of political betting in October, allowing users to place their bets on the presidential contest between Kamala Harris and Donald Trump. What a delightful spectacle! 🎭
In addition to its foray into event contracts, Robinhood is also embarking upon the curious world of cryptocurrency. In the month of March, the company has taken the bold step of listing memecoins such as Pengu, Pnut, and Popcat, whilst having previously launched crypto futures contracts in January. One must admire their audacity! 🤑
This evident shift towards betting markets and the crypto domain suggests that Robinhood is most eager to expand its offerings. The introduction of event contracts and memecoins may indeed be perceived as a strategic endeavor towards the diversification of the company’s portfolio in these novel asset classes. How thrilling it is to witness such ambition! 🎉
Read More
- Ludus promo codes (April 2025)
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Cookie Run: Kingdom Topping Tart guide – delicious details
- Unleash the Ultimate Warrior: Top 10 Armor Sets in The First Berserker: Khazan
- Grand Outlaws brings chaos, crime, and car chases as it soft launches on Android
- Seven Deadly Sins Idle tier list and a reroll guide
- Maiden Academy tier list
- Grimguard Tactics tier list – Ranking the main classes
- ‘SNL’ Spoofs ‘The White Lotus’ With Donald Trump Twist: “The White POTUS”
- Tap Force tier list of all characters that you can pick
2025-03-18 09:32