Robinhood recently announced a new step into prediction markets. The company is teaming up with Susquehanna to launch a CFTC-licensed futures and derivatives exchange. JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood Markets talks about entering a crowded field that includes players like Kalshi and how it's navigating rising tensions among rivals on "Bloomberg Markets" with Katie Greifeld. ...

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 ...