Robinhood has partnered with Crypto.com to expand its prediction markets business by routing select football-related event contracts to Crypto.com’s CFTC-regulated exchange and clearinghouse. This move aims to create a more diverse and resilient marketplace amid rising interest, with Robinhood reporting record volumes including 13.6 billion event contracts traded in Q2 and over 5 billion during the World Cup. The partnership follows Robinhood's recent collaborations with other exchanges and reflects its strategy to grow its prediction market footprint ahead of major events like football season and U.S. midterms. Crypto.com also recently launched AI Predictions Market Contracts, adding innovative market intelligence products to the space.
AMC Entertainment's stock fell 5% after a recent surge driven by its CEO's public criticism of Robinhood's tokenized stock offerings. Despite the drop, AMC remains up 60% year to date, and Robinhood's shares barely moved, suggesting the feud was more...
Jim Cramer credits a wave of young investors on Robinhood for supporting the stock market's resilience, noting their shift from day trading to more consistent investing. Robinhood's growth in assets and recurring deposits suggests a durable market fl...
AMC Entertainment's CEO Adam Aron publicly condemned Robinhood's tokenized shares, calling them illegal and unauthorized by AMC. This criticism caused AMC's stock to rise 6%, while Robinhood's shares fell 3% amid a quiet market. Robinhood's tokens of...
The memecoin creation app Pons generated $5.95 million in fees within 24 hours on Robinhood's blockchain, making it the fourth-largest protocol by daily fees globally. Users launched nearly 25,000 new tokens in one day, pushing trading volume to $544...
