Robinhood is launching a new futures and derivatives exchange and clearinghouse—powered by a joint venture with Susquehanna and enhanced by the acquisition of MIAXdx—to expand and innovate its fast-growing Prediction Markets.
Argus downgrades Coinbase to Hold, citing high valuation, slower expected growth, and rising expenses. Shares fall over 3% as the firm trims long-term earnings forecasts.
DraftKings reports disappointing Q3 results with revenue missing estimates by $80M, cuts full-year guidance by $300M, and faces rising competition from prediction markets.
Robinhood Markets is exploring taking its fast-growing prediction markets product to countries like the UK and Europe, facing complex regulatory challenges as the industry blurs the lines between finance and gambling.
