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$HOOD ( ▼ 3.15% ) making moves. Prediction markets just got a new player
Robinhood continues to double down on winning products. Their predictions markets announcement is their vericalization play to own the infrastructure of predictions markets.
What does this mean for their Kalshi partnership? Well when they announced $100m in revenue in under 12m from prediction markets and over 50% of Kalshi flow coming from $HOOD ( ▼ 3.15% ), it was a pretty good signal Robinhood was going to eventually bring it in house. Do they keep the Kalshi partnership? Is there a poly market partnership potential? Time will tell.
Robinhood continues to make the smart acquisitions. It seems like the are winning in financial services and nobody is even close. They acquired a credit card startup. They acquired pieces for their wealth management strategy including TradePMR and they have made many other savvy moves.
They are making the type of moves that are getting investors excited for the long term and they are keeping everyone on their toes for what’s next!
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