Rabid interest in the World Cup has helped to drive more than $3 billion of wagers on a prediction market backed by Robinhood Markets Inc. and Susquehanna International Group, which launched just a few months ago.

Bloomberg's Anna Irrera joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto."  Robinhood is rolling out perpetual futures tied to commodities, ETFs, and currencies in Europe, seeking to capitalize on the rise in round-the-clock trading that’s long been a feature of crypto markets. (Source: Bloomberg)

Robinhood CEO Vlad Tenev says Trump Accounts are a "no-brainer" for new parents and also good for anyone under the age of 18. Speaking on "Bloomberg The Close," Tenev also comments on the future of perpetual futures. (Source: Bloomberg)

Robinhood Markets is expanding in the UK and Europe with a new offering of agentic AI and perpetual futures, a type of derivative investment, with crypto trading expected to come to the UK "soon". It's part of a broader international push, even as the field of fin-tech apps in the UK and the EU grows increasingly competitive. Vlad Tenev - CEO and co-founder of investment platform joined Caroline Hepker and James Woolcock on Bloomberg radio to discuss the changes. (Source: Bloomberg)

Robinhood Markets Inc. is rolling out perpetual futures tied to commodities, exchange-traded funds and currencies in Europe, seeking to capitalize on the rise in round-the-clock trading that’s long been a feature of crypto markets.

Stephanie Guild, Robinhood CIO, joins Bloomberg’s Vonnie Quinn on “Bloomberg Brief” to break down the ramifications of Micron’s strong AI-driven earnings report, and how energy costs, computer memory, and supporting infrastructure are often overlooked elements in the AI trade. (Source: Bloomberg)

Robinhood Markets Inc. is seeking to raise $2 billion in a convertible bond offering as it joins a roaring market for pooling cash.

Bloomberg's Monique Mulima joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Robinhood said it’s cutting 10% of its workforce, a reduction of around 300 positions, to “remain lean and disciplined” as it develops new products. Also, Strategy purchased 1,587 bitcoin tokens from June 8 to June 14 for aggregate purchase price of $100m (Source: Bloomberg)

Robinhood Markets says it’s cutting 10% of its workforce, a reduction of around 300 positions, while BlackRock is said to be eliminating just under 1% of its workforce. Katherine Doherty has more on "Bloomberg Open Interest." (Source: Bloomberg)

A rally that sent the US stock benchmark to the brink of a record paused before the first Federal Reserve rate decision under Kevin Warsh, with a another slide in oil prices driving bond yields lower.

Robinhood CIO Stephanie Guild discusses the retail demand for SpaceX shares with Bloomberg's Matt Miller and Dani Burger on "Open Interest." (Source: Bloomberg)

Robinhood Markets Inc. is kickstarting a shift away from its longstanding prediction markets partner Kalshi Inc., using the World Cup to road test its own infrastructure.

Robinhood Markets Inc. customers will soon be able to direct artificial intelligence agents to trade equities and make purchases on their credit cards for them.

Robinhood Markets CIO Stephanie Guild discusses the demand for the physical parts involved in artificial intelligence. She discusses the volatility in predictive markets in wake of the current political landscape in Iran. She speaks with Romaine Bostick & Isabelle Lee on “The Close.” (Source: Bloomberg)

Robinhood CEO Vlad Tenev discusses growth of the company’s prediction markets and the firm’s involvement in Trump Accounts for children. (Source: Bloomberg)

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)

 Charles Schwab Corp. is likely to launch prediction markets linked to financial events as competitors including Robinhood Markets Inc. expand their presence in the space. Schwab is “taking a hard look” at prediction markets, Chief Executive Officer Rick Wurster said on a conference call Thursday, but would stay away from allowing customers to place wagers on sports or pop culture given the firm’s focus on building clients’ long-term wealth. Schwab's CEO Rick Wurster joined Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)

Charles Schwab Corp. is likely to launch prediction markets linked to financial events as competitors including Robinhood Markets Inc. expand their presence in the space.

As billions pour into platforms such as Kalshi and Polymarket, the line between betting and trading is rapidly disappearing.

After making its name on millennials and meme stocks, the popular brokerage app is riding its Trump bump into the S&P 500 and beyond.