Core Insights - Robinhood Markets Inc. shares increased over 12% following CEO Vladimir Tenev's announcement of significant growth in prediction markets, with over 4 billion event contracts transacted by customers, including 2 billion in Q3 alone [1][2] Group 1: Business Expansion - The brokerage has partnered with Kalshi to offer prediction-market contracts, which are regulated by the US Commodity Futures Trading Commission [2] - Robinhood expanded its offerings to include pro- and college-football contracts in August [2] Group 2: Market Performance - The recent share price increase has led to a record high for Robinhood, contributing to a more than 260% increase in shares this year [2] - Robinhood was added to the S&P 500 Index this month, reflecting its growing prominence in the market [2] Group 3: Core Business Operations - Beyond prediction markets, Robinhood's primary business remains focused on trading stocks, options, and cryptocurrencies [3]

Key Points SoFi is evolving beyond its roots. Financials are improving quickly. There are other growth avenues beyond traditional banking. 10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) has faced plenty of sceptics since going public in 2021. Many investors viewed it as a niche player in student loan refinancing, doubting it could ever achieve profitability. Fast-forward to today, and SoFi not only generates consistent profits, it's expanding into new areas tha ...

Group 1 - The stock market has transitioned from traditional trading floors to predominantly electronic trading, with after-hours trading becoming increasingly common and potentially the new norm [1][2] - Several established brokers are already offering after-hours trading, and a new SEC-approved 24X National Exchange will launch on September 29, allowing trading of U.S. equities from 4 a.m. to 8 p.m. ET on weekdays [2] - Extended trading hours provide convenience for retail and international investors who may not be able to trade during regular market hours [3][4] Group 2 - The ability to react to real-time events is a significant advantage of extended trading hours, allowing investors to respond to news such as earnings releases or economic data as it happens [5] - However, trading outside regular hours can carry increased risks, including emotional decision-making and potential long-term damage to investment portfolios [6] - Lack of liquidity during extended trading hours can lead to higher costs and risks, with wider bid-ask spreads making it difficult to execute trades effectively [7][8]

Core Insights - Robinhood Markets experienced significant growth in early 2025, with shares rising nearly 35% in May, driven by a strong earnings report and new ventures in cryptocurrency [1][2] Financial Performance - Net revenue increased by 50% year-over-year to $927 million, with transaction revenue from cryptocurrencies up 100% to $252 million, options revenue up 56% to $240 million, and stocks revenue up 44% to $56 million [4] - Net income surged 114% to $336 million for the quarter [4] Share Repurchase Program - The company announced a substantial increase in its share repurchase program, raising the total authorized amount from $500 million to $1.5 billion [5] Cryptocurrency Ventures - Robinhood is expanding its involvement in cryptocurrency by acquiring Canadian company WonderFi Technologies for approximately $183 million [6] - The acquisition aims to enhance access to crypto trading for Canadians through Robinhood's platform [7] Blockchain Initiatives - The company plans to develop a blockchain-based trading system for European investors to trade U.S. securities, potentially utilizing a digital token-based system [8]