Prediction Markets Business Booms: Where Does Robinhood Stand?
Key Takeaways Robinhood's prediction markets business now generates $100M in annualized revenues and is growing rapidly.HOOD is acquiring 90% of MIAXdx to control prediction market infrastructure and boost long-term margins.HOOD stock is up 222% over the past year, outpacing the industry and reflecting investor confidence.The prediction markets business is rapidly transforming from a niche curiosity into one of the most dynamic growth fronts in financial services, and Robinhood Markets (HOOD) is positioning ...