Commodities and Crypto Driving Robinhood Prediction Market Growth
Dow Jones10-22 23:14
1114 ET - Retail investors are spurring an evolution in what's the most interest-grabbing of prediction market contract offerings. Speaking at the NEXTPredict Summit in New York, JB Mackenzie, general manager and vice president of futures and prediction markets at Robinhood, says that interest is moving away from things like 'mention markets' and sports and toward other economic questions. "The handling of the U.S. economy has been the top topic," says Mackenzie, noting big volumes in contracts ahead of last month's Fed decision. It's also potentially signaling that the U.S. economy is the biggest issue for voters in those year's midterm elections.
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