• Mar 17, 2025

Robinhood launches prediction markets to tap into event contracts demand

The company, which has become synonymous with retail investors in the U.S., is looking to cash in on the growing demand for event-based derivative contracts, once a niche asset class. Event-based derivatives are gaining traction as traders seek to bet on real-world outcomes, such as Fed decisions or elections, offering a straightforward, all-or-nothing payoff tied to specific events. However, the rise of event-based derivatives trading has drawn regulatory scrutiny, with concerns over gambling-like risks and the potential for market manipulation.

  • Mar 17, 2025

Crypto Exchange OKX Suspends DeFi Service After EU Scrutiny

(Bloomberg) -- Digital-asset exchange OKX has suspended a service used by hackers to launder some of the proceeds from a $1.5 billion heist on trading platform Bybit, after drawing scrutiny from European watchdogs. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington,