Robinhood Launches Predictions Markets Hub as ‘March Madness’ Set to Get Underway | Global News Avenue

“March Crazy“It’s about to begin.hood) Action is being taken.

The online trading platform said on Monday it will “launch the forecast market center directly in the Robinhood app, which gives customers the opportunity to trade the results of some of the world’s largest activity.”

The Hub – The company says it can be initially passed Commodity Futures Trade CommissionRobinhood said the regulated exchange Kalshiex – “will allow clients to trade (the Federal Reserve) target Fed fund rates and the ceiling for upcoming men’s and women’s college basketball games.”

This is The second time In just one month, Robinli tried to participate in sports Event Contract game. On February 3, it said it would allow users to buy event contracts that they think they won the “Professional Football Championship” team, but Suspend transactions Only one day later, according to CFTC requirements.

This time, Robinhood noted that it “has been closely connected with the CFTC over the past few weeks and looks forward to continuing to work with them to promote future innovation in derivatives and crypto markets.”

Robinhood said that in the coming days, all qualified clients will receive contracts.

Last fall, Robinhood launched an event contract Related to the US presidential election.

Robinhood shares rose 9% late Monday. They have soared 135% over the past 12 months.