Robinhood considers rollout of prediction markets outside U.S., Bloomberg says

Robinhood (HOOD) Markets is exploring an expansion of its prediction markets product to countries outside of the U.S., a move that would broaden the reach of the already fast-growing and often controversial industry, Bloomberg’s Emily Nicolle reports. The brokerage has been speaking to overseas regulators like the U.K.’s Financial Conduct Authority about how it might offer prediction markets locally, as demand for the space continues to grow. At issue is how such products might be structured and regulated – while prediction markets are considered futures products in the U.S., they’re often lumped in with gambling in other regions, the author notes.