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Market Entry & Growth - Robinhood is entering the prediction markets space [1] - The prediction market space currently sees approximately $3 billion weekly volume [1] - Industry anticipates potential growth to tens of billions per week with the entry of major players like Robinhood, DraftKings, and FanDuel [1] Robinhood's Strategy - Robinhood acquired a majority stake in MIAX after directing significant trading flow to Kalshi for a year, securing necessary licenses for its own CFTC-approved prediction market [2] - Prediction markets became Robinhood's fastest-growing product, with over 1 million users trading 9 billion contracts [2] - Robinhood aims to own the prediction market platform instead of relying on Kalshi [2] Competition & User Experience - Coinbase is also entering prediction markets through Kalshi [2] - The industry seeks improved user experience, more diverse markets, and access to millions of retail users [3]