Robinhood dey expand US-style prediction markets go UK and EU

Robinhood dey plan expand dia successful US-based prediction markets go UK and EU, dem go use Prediction Markets Hub wey allow crypto traders buy and sell event contracts based on real-world outcomes like interest rate decisions, elections, and sports results. For US, dem dey treat these prediction markets as futures and dem dey regulated by Commodity Futures Trading Commission (CFTC), contracts dem dey execute through CFTC-licensed partner Kalshi and dem dey settle am in US dollars. CEO Vlad Tenev talk say dem don trade over 4 billion event contracts till now, with more than half di volume for Q3. Robinhood dey now talk with UK Financial Conduct Authority (FCA) about how to classify their prediction markets and dem dey engage EU regulators to make sure say dem comply, to know if di products suppose fall under derivatives rules or gambling laws. This expansion dey answer growing demand among crypto traders for regulated event trading, a trend wey decentralized platforms like Polymarket on Polygon dey drive, wey process billions in volume using smart contracts during 2024 US election cycle. By offering regulated, easy to use alternative, Robinhood prediction markets dey aim boost trading volumes and diversify offers for crypto traders across Europe.