Robinhood stock soars as company strikes deal to expand booming prediction markets business

Robinhood (HOOD) stock popped over 10% on Wednesday as the trading platform said it would expand its fastest-growing product line, prediction markets. Shares of the online broker jumped after the company announced the launch of a futures and derivatives exchange with market maker Susquehanna International in order to expand its prediction-market offerings, a service where users can bet on outcomes ranging from sports results to Federal Reserve interest rate decisions. Robinhood began offering prediction ...