Don’t Call Them Bets. They’re ‘Prediction Markets.’ How Robinhood Is Getting Rich Off Them.
1. Robinhood's prediction markets volume has doubled to $2.5 billion in October. 2. The company is valued at $110 billion, with stock rising from $10 to $120. 3. Increasing competition and regulatory scrutiny poses challenges for Robinhood's growth. 4. Robinhood's event trading offers new investor engagement beyond traditional assets. 5. The firm anticipates significant revenue growth, projecting $4.5 billion for the year.