智通财经网·2025-12-16 03:19Group 1 - Robinhood officially launched a themed event called "YES/NO" on December 16, which is seen as a significant upgrade to its prediction market business and a direct challenge to traditional betting giants like DraftKings and FanDuel, as well as existing platforms like Kalshi [1] - Bank of America warns that this technological shift by a major tech player like Robinhood could fundamentally alter customer acquisition costs and fee structures across the industry [1] - Robinhood's recent announcement of a joint venture with Susquehanna Investment Group aims to reduce its reliance on Kalshi, potentially posing a competitive threat to DraftKings and FanDuel [1] Group 2 - The competition among Robinhood, Kalshi, and Polymarket in event contract fees is intensifying as they vie for user attention against established sports betting apps like FanDuel and DraftKings, which offer recognizable bonuses and promotions [2] - Robinhood plans to acquire a 90% stake in the derivatives exchange MIAXdx by November 2025, aiming to create a new federally regulated derivatives and prediction market trading platform, with the deal expected to close in early 2026 [2] - This acquisition will enable Robinhood to establish a fully autonomous and vertically integrated trading ecosystem, eliminating third-party platform fees and leveraging "zero-fee" and strong liquidity advantages to mainstream event contracts for retail investors [2] Group 3 - The new exchange will be managed by a joint venture, with Robinhood as the controlling party and Susquehanna acting as the liquidity provider from day one, aiming to expand Robinhood's rapidly growing "prediction contract" business [3] - Unlike traditional fixed-odds betting, prediction markets offer real-time pricing based on peer-to-peer pricing, providing more betting options on events that traditional bookmakers cannot cover [3] - Robinhood's prediction market business has seen rapid growth, with 9 billion contracts traded and over 1 million users participating since its launch, contributing to an annualized revenue exceeding $100 million in less than a year [3]