Robinhood Derivatives, LLC (RHD) introduced the enlargement of its Prediction Markets Hub to incorporate professional and faculty soccer contracts, giving customers the flexibility to commerce on outcomes of the preferred video games immediately contained in the Robinhood app.
At launch, clients could have entry to contracts protecting the primary two weeks of each professional and faculty seasons, together with all common season professional matchups and video games throughout the school Energy 4 faculties and independents. New weekly matchups might be added on a rolling foundation, similar to week 3 turning into obtainable after week 1 concludes.
“Soccer is way and away the preferred sport in America,” mentioned JB Mackenzie, VP & GM of Futures and Worldwide at Robinhood. “Including professional and faculty soccer to our prediction markets hub is a no brainer as we goal to make Robinhood a one-stop store for all of your investing and buying and selling wants.”
Not like conventional sports activities betting, Robinhood’s contracts are structured as occasion markets regulated by the CFTC. As an alternative of betting strains, costs are set by provide and demand in a real-time market the place consumers and sellers work together. This construction permits clients to regulate or exit positions all through the sport earlier than contract expiry.
Robinhood mentioned it views prediction markets as a pure bridge throughout finance, information, politics, tradition, and sports activities, underscoring its broader imaginative and prescient to make all types of monetary buying and selling accessible inside its platform.
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