Trading platform Robinhood on Monday launched a prediction markets hub in its app that allows traders to bet on event outcomes, including the expected upper limit of the Federal Reserve funds rate in May.

Robinhood has been dabbling for months in the field of prediction markets, which let users wager on the outcome of future events. Now, the company is going all-in, unveiling a dedicated hub on Monday that offers contracts related to the March Madness college basketball tournament,

Robinhood Markets Inc. is unveiling a hub inside its popular app for retail traders to bet on the likelihood of certain event outcomes.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,

Derivatives, LLC (RHD) has announced the introduction of a prediction markets hub within the Robinhood App. This new feature gives customers the chance to trade on the outcomes of major global events.

(Reuters) -Trading platform Robinhood on Monday launched a prediction markets hub in its app that allows customers to trade on event outcomes, including the expected upper limit of the Federal Reserve funds rate in May.

The company is launching a new hub for investor predictions which will enable customers to buy event contracts based on the outcome of sport matches and other events.