Are prediction markets the next stock market? Robinhood’s CFO thinks so
Robinhood says its prediction markets business has grown sevenfold over the past year, and CFO Shiv Verma thinks it is just the beginning of a prediction market supercycle that could one day rival the size of the US stock market. He tells Yahoo Finance Executive Editor Brian Sozzi why 30% of contracts are now outside sports, how Robinhood Chain is being used to tokenize real-world assets, what the Crypto.com partnership changes for customers, and how Robinhood’s new AI agent accounts work. Verma also weighs in on what the wave of big AI IPOs means for public markets.
Market Domination, Market Domination Overtime and Asking for a Trend are live weekdays 3-5pm ET with Yahoo Finance Host Josh Lipton.
00:00 Robinhood’s record quarter
00:43 What is Robinhood Chain?
01:55 What’s next for the chain
02:49 What if crypto prices fall?
03:49 Prediction markets up sevenfold
04:50 The Crypto.com partnership
05:51 Why prediction markets are booming
06:44 Could prediction markets rival the stock market?
08:05 How Robinhood’s AI agent accounts work
09:17 AI IPOs and private markets
#predictionmarkets #robinhood #crypto
==
AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors.
👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571
