Robinhood Mulls Going Global with Prediction Markets (Casino.org)

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News arrives after broker said Q3 event contracts volume spiked Company held talks with relevant UK regulator After realizing rapid prediction markets success in the US, Robinhood Markets (NASDAQ: HOOD) is looking to bring event contracts to its clients in other parts of the world. A Robinhood logo. The company is considering international prediction markets expansion. (Image: Google Play) The company behind the ubiquitous investing app sees rising international demand for prediction markets access. JB Mackenzie, vice president and general manager of futures and international at the financial services firm, told Bloomberg that Robinhood clients in countries outside the US are enthusiastic about prediction markets. We’re definitely looking to offer it globally, and my goal or focus is to make sure it’s a regulatory-compliant product everywhere we go,” Mackenzie said in the interview. For now, Robinhood’s regions of emphasis for non-US prediction markets ventures are the European Union (EU) and the UK. Mackenzie told Bloomberg the company spoke with the…Read MoreCategory: Financial, Technology, technologySource: Casino.org

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