Robinhood Launches Predictions Markets Hub as 'March Madness' Set to Get Underway
1. Robinhood launches prediction markets hub for event contracts. 2. Trading includes outcomes for March Madness and Fed rates. 3. Previous attempt for football contracts was halted by CFTC. 4. Shares rose 9% after the announcement, up 135% over 12 months. 5. CFTC cooperation indicates potential for future event contract expansions.