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Robinhood is getting into prediction-betting markets just in time for March Madness

The article from Business Insider discusses how Robinhood has expanded its offerings by introducing a feature that allows users to bet on various predictions, including the outcomes of March Madness, interest rate decisions by the Federal Reserve, and other events like the 2024 presidential election. This new feature, which operates similarly to Polymarket, enables users to engage in event-based betting, where they can buy shares in outcomes they believe will happen. For instance, users can bet on whether the Federal Reserve will raise interest rates or if a particular team will win in March Madness. This move by Robinhood is part of a broader trend where financial platforms are diversifying into prediction markets, potentially tapping into the growing interest in speculative betting on real-world events. However, the article also hints at the regulatory and ethical considerations surrounding such betting markets, especially given the potential for misinformation and the speculative nature of these bets.

Read the Full Insider Article at:
[ https://www.businessinsider.com/robinhood-betting-predictions-march-madness-interest-rates-fed-polymarket-2025-3 ]