Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports
The company’s head of futures and prediction markets said bitcoin, gold and oil contracts are among its fastest-growing prediction markets.
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Summary
- Bitcoin, gold and oil price contracts are among the fastest-growing prediction market products, according to Robinhood executive JB Mackenzie.
- The Federal Reserve’s interest rate decision was Robinhood’s largest event contract in September, while crypto contracts have moved toward 15-minute settlement periods.
- Prediction markets are also drawing customers into Robinhood’s stock, crypto and retirement products, potentially making the business one of the company’s fastest-growing segments.
