Robinhood Markets (HOOD) Touches All-Time High as Prediction Markets Hit 4 Billion

Group 1 - Robinhood Markets Inc. (NASDAQ:HOOD) reached an all-time high of $136.84 during intra-day trading, ending the day up by 12.27% at $136.72 [1] - The surge in stock price was driven by the company's prediction market services, which surpassed 4 billion event contracts, with over half occurring in the third quarter [2] - The company has partnered with Kalshi, a regulated financial exchange, to offer customers the ability to trade prediction-market contracts, recently expanding into pro- and college football contracts [3] Group 2 - Robinhood Markets has officially launched banking services as part of its strategy to become a full-service financial hub [4]