Robinhood’s Prediction Market Bet Is Paying Off. Is the Stock a Buy?
Robinhood Markets (HOOD -3.23%) built its name on commission-free stock trading, but its fastest-growing business today is now something else entirely. On Wednesday, Robinhood disclosed that its customers traded about 5.9 billion event contracts in October, up 5% from September and up 136% from a year earlier. The stock rose about 4% by market close….