Robinhood just announced it's launching pro and college football prediction markets. This is an expansion of their existing event contracts, but a massive move into the sports world. They're structuring it like a financial market, not traditional sports betting, and it's offered through their derivatives unit. Could this be a major new revenue stream for the company and bring more users to the platform?
https://www.cnbc.com/2025/08/19/robinhood-n...
Robinhood Markets
HOOD
NASDAQ
IPO2021
about HOOD
Robinhood Markets offers a commission-free trading app that allows retail investors to buy and sell stocks, ETFs, cryptocurrencies, and other financial products with ease.
| type | open | high | low |
market cap |
volume |
|---|---|---|---|---|---|
| stock | $115.34 | $116.53 | $112.42 | $102.22B | 15.75M |
| eps |
price to earnings |
price to sales |
operating margin |
profit margin |
yield |
| +$0.44 | 96.80 | 104.11 | 44.39% | 39.03% | 0% |
What the heck is going on with Robinhood and their "OpenAI Tokens"?
https://x.com/openainewsroom/status/1940502...
The official OpenAI X account is washing their hands of any involvement, implying Robinhood has gone rogue issuing "equity" with literally zero actual value or ownership.
Ouch. Robinhood fails to join the S&P 500 during the latest quarterly rebalancing, despite being highly expected to do so.
https://www.cnbc.com/2025/06/09/robinhood-s...
AlphaGod
3 months ago
Wild that COIN was allowed to be included but HOOD wasn't. One of these options only deals in internet funny money while the other enables trading legitimate stocks.