The investing app will offer a predictions market hub. Early offerings include bets on March Madness and the direction of interest rates.

Trading platform Robinhood on Monday launched a prediction markets hub in its app that allows customers to trade on event outcomes, including the expected upper limit of the Federal Reserve funds rate in May.

Robinhood has been dabbling for months in the field of prediction markets, which let users wager on the outcome of future events. Now, the company is going all in, unveiling a dedicated hub on Monday that offers contracts related to the March Madness college basketball tournament,

Robinhood Markets Inc (HOOD) is launching a new prediction markets hub within its app, allowing retail investors to engage with real-world

The company is launching a new hub for investor predictions which will enable customers to buy event contracts based on the outcome of sport matches and other events.

Robinhood launched a “prediction markets hub," allowing customers to buy and sell contracts (including for sports events) anywhere in the U.S.

The move comes after prediction platform Polymarket rose to fame during the U.S. Presidential election last year, attracting over $3.6 billion in bets.

Robinhood's new prediction market hub, powered by Kalshi, targets NCAA basketball bets, positioning the platform against Polymarket.

Trading platform Robinhood on Monday launched a prediction markets hub in its app that allows traders to bet on event outcomes, including the expected upper limit of the Federal Reserve funds rate in May.