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Robinhood CDR (CAD Hedged)
Symbol HOOD
Shares Issued 1,050,000
Close 2025-12-24 C$ 20.08
Market Cap C$ 21,084,000
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Globe says Robinhood sees the future: Roll the dice

2025-12-29 06:32 ET - In the News

The Globe and Mail reports in its Saturday edition that an old-school investing process might involve sifting through research, finding chart patterns and checking out the odd balance sheet. The Globe's Tim Shuflet writes that today, all you need to do is to ask yourself, "Do I think Elon Musk is going to tweet more than 460 times next week?" You better be confident, because if you are wrong, you lose it all. But if it hits, it pays 100-to-1. Last fall, Robinhood launched a prediction markets hub that lets users bet on yes-or-no outcomes, and business is booming. Contract volume has at least doubled each quarter and the 2.5 billion event contracts traded in October alone exceeded the company's third-quarter total. Predictions are shaping up to be the next big growth driver for a company riding the wave of retail interest in investing, gambling and the all the stuff blurring the line between the two. Robinhood is on track to post revenue growth of more than 50 per cent in fiscal 2025. Want a piece of that action? You could buy Robinhood's stock, like a dinosaur. Or you could step into the future and roll the dice on a contract that pays off if the company beats the Street on its next quarterly earnings report.

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