Robinhood(US:HOOD) Yahoo Finance·2025-11-07 02:31Core Insights - Robinhood Markets has launched prediction markets for the 2024 presidential election and various sports outcomes through a partnership with Kalshi, expanding into entertainment and financial sectors with hundreds of new markets [1][2] Group 1: New Market Categories - Robinhood has introduced new categories in its prediction markets, including Entertainment, Esports, Financial, and Technology [2] - Users can predict various entertainment outcomes, such as nominations for the 2026 Grammy Awards and performances by artists like Taylor Swift [3][4] - Financial prediction markets include forecasts for the S&P 500 closing value, upcoming IPO announcements, and shareholder decisions regarding executive compensation at Tesla [5] Group 2: Additional Prediction Opportunities - New categories also encompass Space, Science, and Technology, allowing predictions on events like SpaceX launches and advancements in AI [6] - The prediction markets are part of Robinhood's strategy to diversify beyond traditional trading in stocks, options, and cryptocurrencies, indicating a growing segment within the company [7]