Robinhood Restricts High-Risk Prediction Contracts Amid Israel Insider Trading Charges, Iran Bet Scrutiny
By Luci Kelemen
Robinhood has restricted certain high-risk prediction market contracts, including "mention markets," from its platform due to concerns over market manipulation and insider trading. This follows charges related to Israel insider trading and scrutiny of suspiciously timed Polymarket bets on Iran-related events. Despite the restrictions, the brokerage projects $300 million in annual revenue from prediction markets.
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