Robinhood, the mass market trading app, rolled out a prediction markets hub within its app Monday, offering contracts on events ranging from financial policy outcomes to sports results. Why it matters: Prediction markets are very much a live legal and regulatory issue in the U.

Robinhood Derivatives, LLC (RHD) has launched a prediction markets hub inside the Robinhood App, where customers can trade on the outcomes of important global events.

Robinhood is launching a prediction-markets hub that will allow users to bet on basketball tournaments and coming interest-rate moves from the Federal Reserve. The brokerage is partnering with prediction-market startup Kalshi to offer the event contracts through Robinhood’s app.