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Robinhood Debuts March Madness Prediction Markets as Event Derivatives Gain Traction in US

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Robinhood Debuts March Madness Prediction Markets as Event Derivatives Gain Traction in US - Decrypt

Quick Summary:

Robinhood is partnering with prediction market operator Kalshi to offer contracts for March Madness games beginning Monday.

It is unclear if the trading platform supports wagers denominated in crypto, which both startups support, or if users may only place bets in US dollars.

However, market operators still face some scrutiny from regulators, complicating their efforts to increase access to prediction markets in the U.S.

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Article Details

Author / Journalist: Liz Napolitano

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 23:42:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 27119555

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About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 4 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 13 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

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The story "Robinhood Debuts March Madness Prediction Markets as Event Derivatives Gain Traction in US" has 418 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Robinhood Debuts March Madness Prediction Markets as Event Derivatives Gain Traction in US" was covered 1 days ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 4 news stories per day.

It's most recent story was published 13 hours ago.

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  • News ID: #27119555
  • URL: https://beamstart.com/news/robinhood-debuts-march-madness-prediction-17422551

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