Robinhood Predictions VP on Growth in Event Contracts
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JB Mackenzie, Robinhood Futures & Prediction Markets VP & GM, discusses rising trading activity in prediction markets ahead of the Federal Reserve's rate decision, with markets pricing in an roughly 85% chance of a 25-basis-point hike. He sas interest in Fed-related contracts has grown substantially over the past year, moving from relatively muted early adoption to one of Robinhood's most popular contracts. He speaks with Romaine Bostick on "The Close."
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