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.
Source: CoinDesk
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DW NOTE
Robinhood sees volatility contracts overtaking sports betting on its prediction market platform, with bitcoin, gold and oil now the fastest-growing products. This is retail speculation reconfigured for the mobile age — the same crowd that bought fractional Tesla shares is now taking 15-minute price bets on crude while the Strait of Hormuz sits closed. The Fed rate decision was September's largest event contract, which tells you everything about where financial entertainment has landed.