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flag Robinhood is pursuing acquisitions to grow in prediction markets, driven by post-2024 election interest and regulatory clarity.

flag Robinhood is exploring acquisitions and other strategic moves to expand its presence in the growing prediction markets sector, where users bet on events like elections and sports. flag The company, already a major player through partnerships with Kalshi and ForecastEx, accounts for 25% to 35% of Kalshi’s daily trading volume and sees annualized revenues exceeding $200 million. flag This push follows increased interest after the 2024 U.S. election and regulatory clarity, including a CFTC no-action letter that allowed crypto-based Polymarket to reenter the U.S. market. flag With its stock up 273% this year and a market value above $123 billion, Robinhood aims to diversify revenue and strengthen its position in a fast-evolving space.

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