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Robinhood unveils prediction markets hub for US retail traders

This hub, which will be available through Kalshi, will first facilitate bets for what the upper bound of the federal funds rate will be in May and outcomes of the upcoming March Madness college basketball tournaments.

“We believe in the power of prediction markets and think they play an important role at the intersection of news, economics, politics, sports, and culture,” JB Mackenzie, vice president and general manager of futures and international at Robinhood, said in the statement.

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capital markets