Robinhood is Set to Roll Out Prediction Markets Hub, Stock Up 7.1%

Robinhood Derivatives, LLC, a wholly-owned subsidiary of Robinhood Markets, Inc. (HOOD) , is set to launch a prediction markets hub directly within the Robinhood app, allowing customers to trade on the outcomes of several major global events, including the expected upper limit of the Federal Reserve funds rate in May.In light of this development, Robinhood’s shares surged 7.1% in yesterday’s trading session.Prediction markets function within a regulated framework and leverage the financial market structure ...