Robinhood is increasing its prediction markets to
embody skilled and faculty soccer, opening buying and selling on outcomes of
America’s most-followed sport forward of the brand new season.
Soccer Contracts Go Dwell on Robinhood
Robinhood Derivatives, LLC confirmed Tuesday that
prospects can now entry contracts tied to all skilled regular-season
video games and matchups involving Energy 4 faculty applications and independents.
“Soccer is much and away the preferred sport in
America,” commented JB Mackenzie, VP & GM of Futures and Worldwide at
Robinhood. “Including professional and faculty soccer to our prediction markets hub is a
no-brainer for us as we purpose to make Robinhood a one-stop store for all of your
investing and buying and selling wants.”
The contracts might be obtainable within the Robinhood app’s
Prediction Markets Hub, with preliminary listings reportedly masking the primary two weeks of
the season. Extra video games might be added weekly because the season progresses.
Occasion Contracts vs. Betting
Since launching prediction markets in late 2023,
Robinhood has reported greater than two billion contracts traded. The corporate
already gives markets tied to cryptocurrencies, financial indicators, cultural
occasions, and different sports activities.
The soccer rollout is a part of a wider effort to
broaden Robinhood’s prediction hub, which is operated by way of its derivatives
unit and supplied through a CFTC-regulated alternate in the USA.
Beginning right now, now you can commerce contracts on the boys’s and ladies’s faculty basketball tournaments. See you at tip-off: https://t.co/WXpUDpYBJO pic.twitter.com/fRF6xhr0Xd
— Robinhood (@RobinhoodApp) March 17, 2025
In March, Robinhood launched a brand new prediction markets hub,
permitting customers to commerce contracts tied to main real-world occasions. The
platform’s preliminary choices embody the Federal Reserve’s Could rate of interest
resolution and the boys’s and ladies’s faculty basketball tournaments.
New Occasion-Primarily based Buying and selling Hub in Robinhood App
The standalone hub, launched by Robinhood Derivatives,
LLC, permits customers to invest on outcomes by buying event-based
contracts. The service is reportedly operated by way of KalshiEX LLC, a regulated
alternate below the oversight of the U.S. Commodity Futures Buying and selling Fee.
Robinhood executives mentioned the enlargement displays their
perception in prediction markets as a bridge between economics, politics, sports activities,
and tradition.
The corporate mentioned it plans to increase the product to cowl
elections, company earnings, and geopolitical occasions as prediction markets
achieve traction amongst merchants looking for to merge present occasions with buying and selling
methods.
This text was written by Jared Kirui at www.financemagnates.com.
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