Robinhood excludes some prediction markets over manipulation fears

Robinhood excludes some prediction markets over manipulation fears

The US broker says it is “very focused on insider trading” as it pushes into the fast-growing sector.

Robinhood Takes a Curated Approach to Prediction Markets, Avoiding High-Risk Contracts

Robinhood is deliberately limiting which prediction market contracts it offers. This strategic decision is shaped by insider trading and manipulation concerns that have put the sector under increasing regulatory pressure. The company's prediction markets business has become, in CEO Vlad Tenev's words, its "fastest-growing business ever." But Robinhood has been explicit that growth doesn't mean offering everything.Filtering the Product"We don't n…

Robinhood Blocks Some Prediction Markets Over Insider Trading Worries

Insider trading concerns have caused Robinhood to bar some prediction markets from its platform. Jordan Sinclair, president of Robinhood UK, told the Financial Times (FT) Sunday (April 12) that the FinTech was “very focused on market abuse, insider trading.” “We don’t necessarily offer all prediction markets or all event contracts. There are some we’ve chosen aren’t right for our customers and that is, I think, the way you can kind of …