Robinhood To Launch Own Prediction Market
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Robinhood has evolved into a digital finance leader. It saw growth in Q3. See here to know what HOOD stock's valuation surge means for investors.
The 2025 third quarter is a snapshot in time, but it's a good example of how things have been going in general. Revenue doubled year over year to $1.3 billion, and net income was up 271% to $556 million. It added 2.5 million customers, a 10% increase, to end the quarter with 26.8 million.
As of Wednesday, November 26, Robinhood Markets, Inc.’s HOOD share price has surged by 7.75%, which has investors questioning if this is right time to sell.
While the world of prediction markets is not new to Robinhood, which partnered with Kalshi earlier this year, it has now acquired a 90% stake in partnership with Susquehanna in MIAX (Miami International Holdings), a financial exchanges platform. Following the news, the company’s stock rose 11% adding to its 245% year-to-date stock rally.
Robinhood pauses Nevada sports prediction markets after a federal judge’s ruling, as legal disputes with the Nevada Gaming Board continue.
The stock rally follows a bullish call by leading analysts at Bernstein, the research and brokerage firm. Founded in 2013 by Stanford graduates Vlad Tenev and Baiju Bhatt, Robinhood is an American trading exchange that lets traders access stocks, funds, cryptocurrencies, etc.