Robinhood stock hit a brand recent excessive Tuesday following a teach that the shopping and selling platform is taking a ogle at expanding its prediction market product outside of the U.S.
The firm’s stock used to be lately shopping and selling for with regards to $140 a portion after hitting a excessive earlier Tuesday morning Novel York time above $142. Nasdaq-listed HOOD is up 275% year-to-date, in step with Yahoo Finance files.
HOOD previously boomed on Monday after Robinhood co-founder and CEO Vlad Tenev mentioned on X that prospects had traded over 4 billion tournament contracts on the firm’s prediction markets platform.
Robinhood Prediction Markets right crossed 4 billion tournament contracts traded all-time, with over 2 billion in Q3 alone. And we’re right getting began. pic.twitter.com/13LxjqWaNt
— Vlad Tenev (@vladtenev) September 29, 2025
Bloomberg then on Tuesday then reported Robinhood’s plans to develop the prediction markets outside of the U.S. The teach illustrious that the platform used to be in train talking to the UK’s Monetary Conduct Authority about expanding to the European market.
Decrypt reached out to Robinhood, but did no longer straight rating a response.
Menlo Park, California-based totally Robinhood is a shopping and selling platform that lets in its users to aquire and promote stocks, commodities, and cryptocurrencies.
The firm first debuted tournament contracts final October for U.S. prospects sooner than the presidential election. Event contracts allow folks to bet on issues like carrying occasions or political outcomes.
Robinhood then teamed up with licensed prediction market operator Kalshi to provide contracts for March Madness basketball tournament video games in March.
