News about Robinhood

Robinhood is seeing growing demand for prediction markets tied to bitcoin, gold and oil as traders look beyond sports and elections. According to JB Mackenzie, bitcoin, crude oil and gold price contracts are among the fastest-growing products, though sports remains the platform's largest product. Robinhood's largest event contract in September was tied to the Federal Reserve's interest rate decision, and some crypto contracts now settle in as little as 15 minutes. Mackenzie said prediction market users often go on to trade stocks, crypto, futures and options, or open retirement accounts, and the segment could become the fastest-growing among Robinhood's 11 businesses that each generate over $100 million in annual revenue.

Robinhood (HOOD) shares are down 11% in 2026 at $100.96 after sliding 9% in today's session, while the SPDR S&P 500 ETF Trust is up 13% and Interactive Brokers (IBKR) has gained 31%. Webull (BULL) is down 24% year to date and the Financial Select Sector SPDR ETF (XLF) is up 0.3%, so the article attributes Robinhood's weakness to company-specific factors. Robinhood began allowing 24-hour weekend trading of U.S. stocks on October 1, but the article says it is unclear whether the added revenue will close the gap with Interactive Brokers. It suggests that a measured review of a position may make more sense than a full exit, unless broader damage across brokerages strengthens the case for selling.

StoneX raised its Securitize (SECZ) price target by 50% to $18, keeping a Buy rating, arguing that the tokenized stock trading platform launched last week will open a major new revenue stream; the new target sits about 45% above current prices after shares fell roughly 10% on Monday morning. According to StoneX, most tokenization revenue has so far come from integration fees, even though second-quarter transaction volume reached $5.3 billion, and it projects revenue of nearly $120 million in 2027 and almost $200 million in 2028. Separately, Bank of America raised its targets on Robinhood (HOOD) to $156 and Coinbase (COIN) to $203, keeping Buy ratings, but cut eToro (ETOR) to $39 with a Neutral rating.