According to Decrypt, Robinhood announced on January 17 the launch of a new feature called "Custom Combos," which allows users to place bets on the outcomes of multiple sports events simultaneously. This is similar to traditional bookmakers' "parlays," but the odds are determined through Kalshi's request-for-quote (RFQ) mechanism. Robinhood's CEO, Vlad Tenev, stated that prediction markets will change "the future of finance and news," and noted that this has become Robinhood's "fastest-growing revenue line." Currently, sports prediction markets account for 91% of the trading volume on the Kalshi platform.
Robinhood Launches Custom Combos for Sports Prediction Markets, Fastest-Growing Revenue Line
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Summary
Robinhood launched Custom Combos for sports prediction markets on January 17, allowing users to bet on multiple outcomes simultaneously. Odds are determined through Kalshi's RFQ (Request for Quote) mechanism. The feature now accounts for 91% of Kalshi's trading volume and is Robinhood's fastest-growing revenue stream. Price prediction tools are gaining popularity as more traders seek diversified betting options. Bitcoin price prediction models are also showing increased interest amid growing market participation.
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