Barron's Streetwise How Robinhood Went From Broken IPO to 1,000% Gainer
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Nov 14, 2025 Steve Quirk, Chief Brokerage Officer at Robinhood, dives into the world of prediction markets and tokenization. He shares insights on how Robinhood surged to a retail powerhouse and discusses the rapid growth of their product offerings. Quirk breaks down who engages with prediction markets, revealing their role in various sectors like politics and sports. He also touches on the future of tokenization and Robinhood's ambitious plans for wealth management, promising exciting pathways for retail investors.
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Prediction Markets Spark Rapid User Growth
- Robinhood's prediction markets drove a surge of new accounts and engagement around events like the election.
- Steve Quirk says contracts revealed market expectations and attracted huge trading volume and eyeballs.
Crypto And Event Trading Lift Growth
- Prediction contracts and crypto helped drive Robinhood's customer and revenue growth, contributing to its big stock rally.
- Jack Hough links rising asset prices and crypto enthusiasm to the firm's expanding valuation.
Use Event Contracts For Market Signals
- Use prediction contracts as information tools, not just wagers, to anticipate market moves.
- Quirk notes they can shift prices and reveal expectations ahead of traditional polls or news.