BUZZ-Robinhood rises after Reuters report of Massachusetts probe into co's prediction marketplace

Reuters03-24

** Shares of retail trading platform Robinhood HOOD.O rise 8.1% to $47.96

** Massachusetts' top securities regulator is investigating HOOD's decision to launch a prediction-markets hub for betting on events like March Madness, Reuters reports

** Event contracts let traders bet on specific outcomes, providing opportunities to profit from predictions in sports, entertainment, politics and the economy

** HOOD says the event contracts it offers are regulated by the U.S. Commodity Futures Trading Commission and offered through CFTC-registered entities

** 13 out of 20 brokerages rate the stock "buy" or higher, 7 rate "hold" and their median PT is $70, as per LSEG data

** Including session's moves, HOOD stock up 28.5% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2522570694?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-03-25 02:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2522570694","market":"nz","top_or_hot":-1,"title":"BUZZ-Robinhood rises after Reuters report of Massachusetts probe into co's prediction marketplace","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> rises after Reuters report of Massachusetts probe into co's prediction marketplace </title></head><body><p>** Shares of retail trading platform Robinhood <span>HOOD.O</span> rise 8.1% to $47.96 </p><p>**  Massachusetts' top securities regulator is investigating HOOD's decision to launch a prediction-markets hub for betting on events like March Madness, <span>Reuters reports</span></p><p>** Event contracts let traders bet on specific outcomes, providing opportunities to profit from predictions in sports, entertainment, politics and the economy</p><p>** HOOD says the event contracts it offers are regulated by the U.S. Commodity Futures Trading Commission and offered through CFTC-registered entities</p><p>** 13 out of 20 brokerages rate the stock \"buy\" or higher, 7 rate \"hold\" and their median PT is $70, as per LSEG data </p><p>** Including session's moves, HOOD stock up 28.5% YTD </p><p> (Reporting by Padmanabhan Ananthan)</p><p> ((Padmanabhan.Ananthan@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Robinhood rises after Reuters report of Massachusetts probe into co's prediction marketplace</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Robinhood rises after Reuters report of Massachusetts probe into co's prediction marketplace\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-03-25 02:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> rises after Reuters report of Massachusetts probe into co's prediction marketplace </title></head><body><p>** Shares of retail trading platform Robinhood <span>HOOD.O</span> rise 8.1% to $47.96 </p><p>**  Massachusetts' top securities regulator is investigating HOOD's decision to launch a prediction-markets hub for betting on events like March Madness, <span>Reuters reports</span></p><p>** Event contracts let traders bet on specific outcomes, providing opportunities to profit from predictions in sports, entertainment, politics and the economy</p><p>** HOOD says the event contracts it offers are regulated by the U.S. Commodity Futures Trading Commission and offered through CFTC-registered entities</p><p>** 13 out of 20 brokerages rate the stock \"buy\" or higher, 7 rate \"hold\" and their median PT is $70, as per LSEG data </p><p>** Including session's moves, HOOD stock up 28.5% YTD </p><p> (Reporting by Padmanabhan Ananthan)</p><p> ((Padmanabhan.Ananthan@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861558580.USD","symbol_name":"日兴方舟颠覆性创新基金B","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250324:nL3N3Q71D0:1","article_id":"2522570694","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522570694","pubTimestamp":1742840823,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Robinhood rises after Reuters report of Massachusetts probe into co's prediction marketplace ** Shares of retail trading platform Robinhood HOOD.O rise 8.1% to $47.96 **  Massachusetts' top secur","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","HOOD":"Robinhood","BK4547":"WSB热门概念","BK4127":"投资银行业与经纪业","BK4539":"次新股"},"translate_title":"路透社报道马萨诸塞州对co预测市场进行调查后，嗡嗡声高涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOOD":0.9},"content_text":"BUZZ-Robinhood rises after Reuters report of Massachusetts probe into co's prediction marketplace ** Shares of retail trading platform Robinhood HOOD.O rise 8.1% to $47.96 **  Massachusetts' top securities regulator is investigating HOOD's decision to launch a prediction-markets hub for betting on events like March Madness, Reuters reports** Event contracts let traders bet on specific outcomes, providing opportunities to profit from predictions in sports, entertainment, politics and the economy** HOOD says the event contracts it offers are regulated by the U.S. Commodity Futures Trading Commission and offered through CFTC-registered entities** 13 out of 20 brokerages rate the stock \"buy\" or higher, 7 rate \"hold\" and their median PT is $70, as per LSEG data ** Including session's moves, HOOD stock up 28.5% YTD  (Reporting by Padmanabhan Ananthan) ((Padmanabhan.Ananthan@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.1","shortVersion":"4.32.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2522570694"}