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Robinhood CEO Says Crypto Event-Contracts Will Overtake Sports Markets

Robinhood CEO Says Crypto Event-Contracts Will Overtake Sports Markets

Perps and Prediction Markets Are Not the Same Trade. Photo by BeInCrypto
Perps and Prediction Markets Are Not the Same Trade. Photo by BeInCrypto

Robinhood (HOOD) Chairman and CEO Vlad Tenev told CNBC’s Jim Cramer that crypto event-contracts are already grabbing an outsized share of the platform’s prediction markets business, and he expects sports wagers to fall into the minority within just a few years.

Prediction markets have become one of the fastest-growing corners of US trading over the past year, with CME, Kalshi, Coinbase, and decentralized platforms all competing for a share of the event-contract boom. Crypto-linked contracts have grown alongside them, largely outside the sports-betting battles now working through the courts, giving Robinhood’s newest product line room to…

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