Mueller said one former Senate Banking Committee staffer told her earlier this month that as Atkins “got named so early on […] people are starting to be like, ‘What the hell’s taking so long? ’” Robinhood shares up 8% after launching betting markets hubRobinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance.
The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it said. The online brokerage is tapping Kalshi, the US’ first CFTC-regulated prediction platform, to operate the event contract platform, it said. Kalshi is already registered to list dozens of event contracts, covering outcomes ranging from election results to Rotten Tomatoes movie ratings.
Today in crypto, Donald Trump’s SEC Chair pick Paul Atkins’ confirmation hearing is reportedly set for March 27, Robinhood launched a prediction markets betting platform, and France temporarily lifted restrictions on Telegram founder Pavel Durov until April 7.
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