- The introduction of a forecast market in cooperation with Kalshi signals the endeavor of Robinhood to become a comprehensive financial service provider.
- The time in the “March Madness” is well chosen to attract profit from the high betting activity and and new customers.
In line with the plans of Robinhood, to introduce crypto offers in Singapore by the end of 2025, the company wants to expand its global reach by offering futures and options trading in Asia and also Great Britain.
The well-known US trading platform Robinhood has set up a new forecast market hub in your app, so that customers can bet on the results of the important events. JB Mackenzie, VP & GM of Futures and International at Robinhood, said:
“We believe in the power of the forecast markets and believe that they play an important role in the interface of news, business, politics, sport and culture.”
This initiative is started in cooperation with Kalshi, a stock exchange regulated by the Commodity Futures Trading Commission (CFTC). The first offers of the hub include contracts on the key interest rate of the Federal Reserve and the NCAA basketball tournaments of men and women.
Strategic step in the event -based trade
According to a Reuters post, this development enables Robinhood to take advantage of the growing interest in event-based derivative contracts that enable dealers to speculate on real events such as elections and regulatory decisions.
In addition, the Robinhood development team worked closely with Kalshi to ensure a smooth start to the market opening, as was communicated in a tweet:
Lior, Rainer, Noah, and team were up till 4:20am working to get every single march madness game listed after Selection Sunday.
The Robinhood engineering team was working in lockstep with up to ensure a smooth launch at market open.
We did it with elections and now we will do… https://t.co/uuioaleLQ3
— Tarek Mansour (@mansourtarek_) March 17, 2025
Despite their growing popularity, these businesses were critically eyed by the supervisory authorities because of their similarity to gambling and the possibility of market manipulation.
Robinhood Newsroom also pointed out that Robinhood’s earlier attempt to enter the market for event contracts met with challenges; The company had to suspend its offers related to the Pro Football Championship after feedback from the supervisory authorities.
Competition among the forecast markets
As CNF already reported, Robinhood Solana (SOL), Cardano (ADA) and XRP re -listed to the changing regulatory dynamics in the USA and the growing demand from users for digital assets.
Since the renewed listing, XRP has been one of the 10 largest weekly winners on Robinhood, which reflects the strong interest of investors and the improved accessibility.
XRP is currently traded at $ 2.27, with a 24-hour volume of $ 3.59 billion, a decline of 2.91 % on the last day and an increase of 5.68 % last week. Despite the decline, the visibility and acceptance of XRP continue to increase.
Die „March Madness“ Profite
The time of the RobinHood start coincides with the NCAA basketball tournaments, which are generally known as “March Madness”-a period in which the bets traditionally increase.
The introduction of the forecast market hub is in line with Robinhood’s strategy to develop into a comprehensive financial service provider. By expanding its offer beyond the traditional stock and cryptocurrency trade, the company improves its competitiveness compared to established institutional brokers.
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