Robinhood Bets on Prediction Markets Growth With Premium Valuation
Robinhood is positioning prediction markets as its next growth driver as regulatory clarity around event contracts improves. August metrics released September 11 showed platform assets of $384 billion, up 8% month over month and 26% year over year, while event contract volume dipped 23% from the previous month. The outlook is framed against peers including Coinbase and Interactive Brokers.