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Business
March 18, 2025
Robinhood Unveils Prediction Markets Hub in Time for March Madness
Trading platform Robinhood is seeking to capitalize on the March Madness hype with markets for this year’s edition of the tournament. Customers can expect to find offerings involving their favorite basketball teams and players. The offerings are notably a part of Robinhood’s new prediction markets hub located in the trading platform’s app. The March Madness […]
Sports
February 5, 2025
Robinhood Halts Super Bowl Event Contracts After CFTC Request
The futures commission merchant registered with the Commodity Futures Trading Commission (CFTC), Robinhood, announced its plans to discontinue its offering on event contracts for the upcoming Super Bowl. The announcement comes after earlier this week, the platform confirmed an agreement with Kalshi to offer event trading on the upcoming Super Bowl LIX, effectively enabling trading […]
Sports
February 4, 2025
Robinhood Teams Up with Kalshi for Super Bowl Event Trading
Robinhood has revealed a new team-up with Kalshi, a regulated prediction market. This partnership lets users trade event contracts for Super Bowl LIX. As a result, Robinhood account holders can now trade on the outcome of the championship game between the Kansas City Chiefs and the Philadelphia Eagles. Robinhood and Kalshi Introduce Event Trading as […]
Business
December 5, 2024
Robinhood Eyes Entry into Sports Betting Market
Robinhood Markets, the brokerage that has shaken up traditional trading platforms, is looking to jump into the sports betting sector. CEO Vlad Tenev revealed this information during the company’s first investor day hinting that the firm sees big cultural and customer worth in this field. Though Robinhood has not said it will do this, Tenev’s […]
Industry
November 21, 2024
Robinhood Eyes UK Expansion Despite Regulatory Challenges
Robinhood, the US-based trading app known for its commission-free trading model, is doubling down on its ambitions to dominate the UK market despite facing a challenging regulatory landscape. As part of his vision to make the firm a global leader in traditional finance and cryptocurrency trading, CEO Vlad Tenev was confident that the UK could […]
Sports
October 29, 2024
Robinhood Launches Election Betting Prediction Markets
Robinhood, which made waves for launching cryptocurrency investment options during the pandemic, is once again on the offensive with the app now featuring prediction markets for the upcoming US presidential election, which features former President Donald Trump and Vice President Kamala Harris competing for the White House. Robinhood wants you to back an outcome – […]
Business
May 2, 2022
Munger Blasts Robinhood for Short-Term Gambling
Berkshire Hathaway vice chairman Charlie Munger has been an outspoken firebrand and as the right-hand of Warren Buffet, his words have had gravitas. He has blasted Robinhood over the weekend for what he described as “disgusting practices” which are now forcing the company to “unravel.” Munger on Robinhood: Too Much of a Good Thing He […]
Business
May 4, 2021
Robinhood under Attack for Allowing Traders to Change the Game
Robinhood returned fire to Warren Buffett and the old guard for attacking it for supposedly allowing millions of “everyday people” to take “control of their financial lives”. Tit for Tat A war of words seems to have started Saturday during the annual meeting at Berkshire Hathaway, when Warren Buffett openly attacked Robinhood for its approach […]
Business
May 3, 2021
Warren Buffett Says Robinhood Turns Investors into Gamblers
Younger and less experienced investors may be tempted by Robinhood’s focus on “casino-like” investment opportunities, says legendary investor Warren Buffett. A Warning to Millennial Investors by Buffett Warren Buffett is a good example of why gambling and investment are worlds apart. The investment guru, though, believes that Robinhood, a trading platform that charges no commissions and appeals to […]