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.

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.

Key Takeaways Robinhood customers will soon be able to trade on the outcome of "March Madness."Trading platform Robinhood is getting into the events contracts game with a newly launched prediction markets hub within its app.