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Today — 30 October 2024Yahoo! Finance: Robinhood News

Robinhood stock trades higher ahead of earnings release

30 October 2024 at 15:10
Robinhood (HOOD) stock is in focus as the financial services company is set to report quarterly results after the bell on Wednesday. The earnings report comes as Robinhood has expanded its trading offerings to include futures and index options trades as well as betting options on the US presidential election. Seana Smith and Josh Schafer break down what investors need to know ahead of the results. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.
Yesterday — 29 October 2024Yahoo! Finance: Robinhood News

Robinhood election revenue to be ‘quite modest,’ says Barclays

29 October 2024 at 15:30
Barclays keeps an Equal Weight rating on Robinhood (HOOD) with a $23 price target after the company said it will be adding election contracts to its platform with the roll out to customers beginning today. While the near-term revenue upside will be “quite modest” from the contracts, the launch is “another step on Robinhood’s longer-term product roadmap,” the analyst tells investors in a research note. Barclays thinks Robinhood’s election volumes are likely to be “some fraction” of the $2.5B trad
Before yesterdayYahoo! Finance: Robinhood News

Robinhood Rolls Out Presidential Election Betting

28 October 2024 at 14:41
Robinhood is launching contracts that allow customers to bet on the outcome of the presidential election, the brokerage said Monday. The contracts are Robinhood’s first foray into prediction markets and come after a recent federal court ruling effectively legalizing election betting in the U.S. The launch on Robinhood—which has about 24 million funded customers—opens election betting to a far broader user base than those found on other platforms offering such betting to Americans, such as Interactive Brokers or Kalshi.

Robinhood rolls out election betting

28 October 2024 at 15:30
Robinhood (HOOD) is now allowing retail traders to bet on election outcomes. Kamala Harris and Donald Trump contracts began rolling out to a limited number of customers on Monday. Catalysts Hosts Josh Schafer and Seana Smith report more on the story. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl

Robinhood just got on the election betting bandwagon

28 October 2024 at 15:24
You can now trade a Kamala Harris or Donald Trump contract on the trading platform Robinhood (HOOD). With just a week remaining before the election, this program, which launched on Monday, enables users to bet on which candidate they believe will win, adding a new way to engage with the political process through the platform.
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