Robinhood Inventory hit a brand new excessive on Tuesday following reviews that its buying and selling platform is contemplating increasing its forecast market merchandise exterior the US.
The corporate's shares have been buying and selling almost $140 a share not too long ago after hitting the Tuesday morning New York time sooner than $142. Based on Yahoo Finance information, meals registered with NASDAQ have elevated by 275% because the begin of the 12 months.
Hood boomed on Monday as Robinhood co-founder and CEO Vlad Tenev mentioned he was X and that its prospects have been buying and selling greater than 4 billion occasion contracts on the corporate's forecast market platform.
Robinhood Prediction Markets has simply surpassed 4 billion occasion contracts in historical past, exceeding 2 billion within the third quarter alone. And we're simply beginning out. pic.twitter.com/13lxjqwant
-Vlad Tenev (@vladtenev) September 29, 2025
Bloomberg Then, on Tuesday, a report report reporting Robinhood's plan to broaden forecast markets exterior the US mentioned the platform was speaking to UK monetary conduct authorities, significantly about increasing into European markets.
Decryption I contacted Robinhood however didn't obtain a response instantly.
Primarily based in Menlo Park, California, Robinhood is a buying and selling platform that permits customers to purchase and promote shares, commodities and cryptocurrencies.
firm First debuted Final October, an occasion contract was made with a US shopper previous to the presidential election. Occasion contracts enable individuals to guess on sporting occasions, political outcomes and extra.
After which Robin Hood We shaped a workforce With licensed forecast market operator Kalshi to supply contracts for the March Insanity Basketball Match Video games in March.
