Robinhood Stock Rises After Deal That Could Boost Its Prediction Market Momentum

Robinhood Stock Rises After Deal That Could Boost Its Prediction Market Momentum

Robinhood may be pushing to launch its own dedicated prediction market platform, acquiring a 90% stake in derivatives exchange LedgerX, which was previously owned by the now-defunct FTX. In response, HOOD shares have risen more than 8% to $125 since the market opened on Wednesday, according to Yahoo Finance. “Robinhood is seeing strong customer demand…

Read More