Robinhood's Prediction-Market Revenue Running Above $200 Million Annualized In September - Robinhood Markets (NASDAQ:HOOD)

Robinhood Markets, Inc.’s HOOD event-contracts business is accelerating, with September revenue pacing above a $200 million annualized rate as partner Kalshi’s volumes surge on NFL and NCAAF (college) football.Watch the HOOD stock momentum here.Piper Sandler analyst Patrick Moley reiterated the Overweight rating on Robinhood, raising the price forecast from $120 to $140.Moley said prediction markets (event contracts) could be a major growth driver for Robinhood, noting partner exchange Kalshi is pacing for ...