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REVEALED: 6 - The Real Truth

Robinhood is pulling in big money on prediction markets—but doesn’t want one of its own

CEO Vlad Tenev said Robinhood’s distribution channels mean it can rely on partner firms like Kalshi to supply prediction market exchanges.

Fortune

Taylor Swift, Elon Musk, Donald Trump, MrBeast — Robinhood Just Made Their Mojo Tradable

Robinhood Markets (NASDAQ:HOOD) launched prediction markets on the 2024 presidential election and sports outcomes through a partnership with Kalshi. The move, which was viewed as a potential disruptor to the sports betting sector, is now expanding into the entertainment and financial spaces with hundreds of new markets launched.

Benzinga

Prediction Markets Are Coming: Can DraftKings & FanDuel Survive?

Prediction markets are growing exponentially in the U.S., and sports books are feeling the pain. Can traditional betting platforms survive this new competition?

MarketBeat

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Trump media firm dives into red hot prediction markets with Crypto.com

Prediction contracts will be available on the social media site Truth Social, allowing users to bet on elections and sports, among other events.

Fortune

Trump Media To Challenge Polymarket, Kalshi? DJT Stock Surges On Prediction Market Announcement

Trump Media Technology Group Corp. (NASDAQ:DJT) jumped more than 6% on Tuesday's after announcing plans to launch Truth Predict, a new prediction markets platform inside its Truth Social app.

Benzinga

Polymarket Plans Token Launch, Eyes $15 Billion Valuation In New Funding Round

Prediction market giant Polymarket is preparing to launch a native token and airdrop as it seeks to raise fresh capital at a higher valuation.

Benzinga

Traders Are Betting That the Government Shutdown Will Last More Than 41 Days. Here’s Who Isn’t Getting Paid.

Traders are betting that this latest government shutdown will be the longest in U.S. history. Unfortunately, that has serious financial ramifications for a whole lot of Americans.

Barchart

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Cathie Wood Goes All-In On DraftKings With $8 Million Stock Purchase As Rivals Like Kalshi Threatens Market Share, Sells Hot Stock Rocket Lab

On Tuesday, Cathie Wood-led Ark Invest executed significant trades involving DraftKings Inc. (NASDAQ:DKNG), Rocket Lab Corp (NASDAQ:RKLB), and DoorDash Inc. (NASDAQ:DASH).

Benzinga

Kalshi is the early leader in prediction markets, but its rival Polymarket is worth nearly twice as much. Why?

Polymarket is a crypto-native company, which could put it in position for a windfall.

Fortune

Kalshi's $5 Billion Valuation Threatens DraftKings, ETF Traders Hedge Their Bets

Sports betting ETFs are experiencing a buildup in activity as DraftKings Inc (NASDAQ:DKNG) shares plummet, highlighting the way growing competition from prediction platforms is spilling over into ETF markets based on gaming and gambling.

Benzinga

DraftKings Vs. Kalshi Vs. Polymarket: Q3 Results, Guidance To Show Who's Leading NFL Betting Market

DraftKings Inc (NASDAQ:DKNG) could benefit from the expected record $30 billion to be legally wagered on the 2025 NFL season. That’s an 8.5% increase from last year's betting handle.

Benzinga

DraftKings (DKNG) Stock Is Trading Lower Tuesday: What's Driving The Action?

DraftKings Inc (NASDAQ:DKNG) shares are trading lower on Tuesday afternoon as investors process growing competitive pressures that overshadowed a major media partnership. Here’s what investors need to know.

Benzinga

New York Stock Exchange parent company invests $2 billion in Polymarket at $9 billion valuation

The investment follows a previous venture round that reportedly valued the prediction market at more than $1 billion.

Fortune

Robinhood Up 12%—Could Prediction Markets Be Its Secret Weapon?

Robinhood's event contracts doubled in Q3, sparking a 12% stock surge. Here's how prediction markets may fuel HOOD’s long-term revenue growth.

MarketBeat

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Benzinga

Bear Cave Sees 'More Problems' Ahead For DraftKings As Prediction Market Volumes Continue To 'Explode'

Shares of DraftKings Inc (NASDAQ:DKNG) are in the spotlight on Thursday after research firm The Bear Cave published a new report detailing a growing competitive threat from prediction markets. Here’s what investors need to know.

Barchart

The Majority of Traders Are Betting that Gas Prices Will Go Up This Week. Here’s Why.

The Kalshi prediction market platform shows 73% chance of U.S. gas prices rising this week. Here’s what could drive them higher, and what it may mean for the stock market.

Barchart

How Much Will U.S. GDP Ultimately Grow in Q3?

Traders on the prediction market platform Kalshi predict a 3.3% increase in U.S. GDP for the third quarter of 2025. Here’s what that would mean for the stock market.

Barchart

How Many Jobs Will the U.S. Economy Add in September?

Traders on the prediction market platform Kalshi now expect the U.S. economy to add 46,000 nonfarm payrolls in September.

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Fortune

Investors are betting big on 'prediction markets' Kalshi and Polymarket—will the gamble pay off?

The two startups generated huge buzz by accurately predicting the 2024 election results. Their young founders still face long odds.

Benzinga

Trump To Huddle With Members Of Congress Even As Polymarket, Kalshi Bettors Put Government Shutdown Odds At 60%

Prediction markets indicated a strong possibility that the federal government would be shut down this week as President Donald Trump prepares to meet key members of Congress on Monday.

Benzinga

Robinhood's Prediction-Market Revenue Running Above $200 Million Annualized In September

Robinhood Markets, Inc.’s (NASDAQ:HOOD) event-contracts business is accelerating, with September revenue pacing above a $200 million annualized rate as partner Kalshi’s volumes surge on NFL and NCAAF (college) football.

Benzinga

DraftKings (DKNG) Stock Pressured By Bear Cave Report On Growing Prediction Market Threat

Shares of DraftKings Inc (NASDAQ:DKNG) are trading off session highs Thursday following a new report from The Bear Cave highlighting a growing competitive threat from prediction markets.

Benzinga

Fed Preview: A Rate Cut Is Baked In, Will Trump Get The 'Big Cut' He Wants

The Federal Reserve is expected to cut rates on Wednesday at the Federal Open Market Committee meeting for September.

Benzinga

Cracker Barrel Q4 Preview: Analyst Says Rebranding Backlash 'Largely Temporary'

Restaurant company Cracker Barrel Old Country Store (NASDAQ:CBRL) will try to get investors and analysts focused on growth plans instead of a poorly received logo change when the company reports fourth-quarter financial results after market close on Wednesday.

Benzinga

Nvidia's Market Capitalization Surpasses Canada's GDP, As McKinsey Projects $1.7 Trillion AI Data Center Spend By 2030

Nvidia Corp.’s (NASDAQ:NVDA) market capitalization has reached a staggering $4.32 trillion, surpassing the gross domestic product (GDP) of Canada's entire economy, as new forecasts point to explosive global demand for AI-driven data centers.

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