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Robinhood Bets on Prediction Markets Growth With Premium Valuation

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Sig1.98Sen+2.35Env0.00Soc0.00Gov0.00

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.

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