- HOOD saw a surge in World Cup prediction-market activity; trading volume rose about 40% above Q2 forecasts, driven by event contracts and trades on Robinhood’s Rothera exchange.
- Deutsche Bank raised its price target for Robinhood (HOOD) to $113 from $105, updating the firm's valuation of the stock.
- Robinhood Markets, Inc. Class A (HOOD) expanded into the Canadian market earlier this year through its acquisition of WonderFi, bringing Robinhood into the Canadian crypto trading space.
- Robinhood and Susquehanna rebranded MIAXdx as Rothera and began routing high-volume event-contract trading, including World Cup markets, through that venue rather than through Kalshi.
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Key facts: HOOD trading +40% (World Cup); DB target $113; enters Canada
HOOD saw a surge in World Cup prediction-market activity; trading volume rose about 40% above Q2 forecasts, driven by event contracts and trades on Robinhood’s Rothera exchange.Deu