Scott Wapner (Host) 00:00.150
how about robin hood today taking another step further into prediction markets mackenzie sagalos is following that story for us had shares on the move a little bit earlier today mac
Mackenzie Sigalos (Reporter) 00:09.670
hey scott so this is all about robin hood making prediction markets a much bigger priority now that it's the fastest growing product line in the company 's history the big change here is that robin hood is moving closer to the sports book model letting users trade what amount to
Mackenzie Sigalos (Reporter) 00:24.270
parlay and prop bets on NFL games and players but packaging it as event trading inside of the robin hood app now this new set of features make it possible to trade preset combos tied to winners totals and spreads and bet on player moments like touchdowns and yardage as the game
Mackenzie Sigalos (Reporter) 00:41.910
is happening and early next year the company says that users will be able to build custom combos that bundle up to ten outcomes across games you've got CEO vlad tenev calling this a template that could be extended beyond the NFL over time into other sports and eventually things
Mackenzie Sigalos (Reporter) 00:57.150
like economic data and policy this also shows just how crowded the competition has become in prediction markets cal she remains the regulated specialist polly market the crypto native giant but robin hood is betting that distribution wins especially if you can put event
Mackenzie Sigalos (Reporter) 01:12.590
contracts next to stocks and crypto and make it more of a one stop shop for all trading