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…