Workflow
Event - Based Trading
icon
Search documents
Robinhood Eyes Global Expansion of Prediction Markets After U.S. Debut: Bloomberg
Yahoo Financeยท 2025-09-30 16:03
Core Insights - Robinhood is planning to expand its prediction markets product globally, particularly targeting Europe and the UK due to increasing international demand [1][2] - The company is focused on ensuring regulatory compliance in all markets it enters, engaging with overseas regulators like the UK's Financial Conduct Authority [2] - This expansion follows a partnership with Kalshi, a blockchain-based platform regulated by the CFTC, allowing users to bet on real-world event outcomes [3] Industry Trends - There is a growing interest in event-based trading, significantly influenced by the rise of platforms like Polymarket, which has processed billions in wagers in 2024, particularly related to the U.S. presidential election [4] - Polymarket's popularity has led to a substantial increase in its valuation, from $1 billion to $9 billion, indicating a robust market potential for prediction markets [5] - Robinhood's entry into this space may broaden access to prediction markets for a larger group of traders, enhancing competition and market dynamics [5]