$Robinhood(HOOD.US)
BREAKING: Robinhood is expanding its prediction markets offering through a new joint venture with Susquehanna to operate a CFTC-licensed exchange and clearinghouse.- The new exchange will operate independently under a joint venture, with Robinhood as the controlling partner providing retail demand and distribution.- Susquehanna International Group will serve as a key partner and the initial liquidity provider, with additional liquidity providers added over time.- Prediction markets are Robinhood’s fastest-growing revenue line, with 9 billion contracts traded by over 1 million customers in the first year.This company finds a new vertical every single year and turns it into a $100M+ line of revenue business...Incredible to see this type of expansion and signals that demand for prediction markets is only growing which is why they are partnering with more liquidity providers. I believe prediction markets will be a $1B business for Robinhood over the coming years.Source: amit
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