Why Robinhood Stock Rocketed Higher Today
Yahoo Finance ·
Shares of Robinhood Markets ( HOOD +16.57% ) popped on Thursday after analysts highlighted the potential of new prediction markets to drive the trading app's expansion. Investors already view prediction markets as a key growth opportunity for Robinhood. But Deutsche Bank analyst Brian Bedell has a new take. Bedell predicts that contracts for businesses' financial key performance indicators (KPIs) will become the largest event-contract category within prediction markets.
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