Co-founder and CEO of Robinhood Markets, discussing the rapid growth of prediction markets as a new business line.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Prediction markets have become Robinhood's fastest-growing business, scaling from zero to 6 billion contracts in July (20x YoY), driven by sports and election betting, with expansion into financial events and crypto assets; regulatory uncertainty exists but demand is irreversible.