Robinhood announced Tuesday it is launching new prediction markets for professional and college football on its app, according to CNBC. Robinhood said its football prediction markets are rolling out in the coming days, starting with the first two weeks of the season and later expanding to weekly matchups. The rollout begins with the first two weeks of the football season, followed by weekly additions. Robinhood executives said the move reflects strong user engagement in sports wagers, with more than two billion contracts traded since the company unveiled prediction markets last year. Shares have surged over 400% in the past year.
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