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0.000995104087887593 0.00102057875253746 0.000159216654061983 -0.00457747880428295 -0.00529395374756204 0.00417943716912782 0.0150061696453448 0.0138518489033953
Stock impact report

Robinhood stock jumps 8% as company strikes deal to expand booming prediction markets business [Yahoo! Finance Canada]

Robinhood Markets, Inc. - Class A (HOOD) 
Robinhood ( HOOD ) stock popped 8% on Wednesday as the trading platform said it would expand its fastest-growing product line, prediction markets. Shares of the online broker jumped after the company announced the launch of a futures and derivatives exchange with market maker Susquehanna International in order to expand its prediction-market offerings, a service where users can bet on outcomes ranging from sports results to Federal Reserve interest rate decisions. Robinhood began offering prediction market services last year through a partnership with Kalshi. Since the offering's launch, 9 billion contracts have been traded by more than 1 million users, according to Robinhood. Bernstein analysts said on Wednesday that Robinhood will likely continue to distribute Kalshi products, but the new initiative will allow the company to supplement more event contracts directly. Shares of Robinhood are up 215% year to date, making it the second-largest gainer on the S&P 500 ( ^GSPC ) th Show less Read more
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