W
Robinhood debuts a sports gambling hub.
Weeks after the SEC dropped its investigation into Robinhood over possible securities violations, the company announced the launch of a “prediction markets hub” in the app. Robinhood writes:
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 the upcoming men’s and women’s College Basketball Tournaments.
The company has also offered such trading for the Presidential election and the Super Bowl.
Robinhood Launches Prediction Markets Hub - Robinhood Newsroom
[newsroom.aboutrobinhood.com]
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