US online brokerage Robinhood announced on Monday the launch of its “Prediction Markets Hub” within its app, allowing customers the opportunity to trade on the outcomes of several significant global events. At the outset, the hub will enable customers to trade contracts on the upper limit of the federal funds target rate for May, as well as the results of the upcoming men’s and women’s college basketball championships.
Robinhood stated that establishing an independent Prediction Markets Hub will serve customers more effectively, enabling them to engage in events closely related to their interests.
Robinhood’s Prediction Markets Hub and the corresponding contracts will initially be offered to US users through the prediction market platform Kalshi (KalshiEX LLC), which is regulated by the Commodity Futures Trading Commission (CFTC). Robinhood noted that these contracts will begin rolling out today and will be available to eligible users in the coming days.
