Robinhood to list bets on Nvidia & Tesla earnings data
The SEC has approved Cboe’s corporate KPI event contracts for launch on Robinhood.
The hit
The SEC has approved Cboe Global Markets’ event contracts tied to corporate key performance indicators, clearing them to launch on Robinhood. The contracts let traders take positions on metrics like Nvidia’s edge computing revenue or Coinbase’s transaction revenue, according to Casino.org.
Why it matters
This hands Robinhood a new product line for its prediction market offering, aimed at traders who already deal in equities & options. Sports derivatives remain the most popular offerings on yes/no exchanges, according to Casino.org, but the Cboe contracts could widen the appeal.
The record
| Contracts filed | Cboe noted there could be 100 event contracts when it filed in July |
|---|---|
| Companies covered | 23 public firms including Apple, Amazon, Tesla, Nvidia & Robinhood (Cboe filing) |
| Launch window | Robinhood said late last month it expected a Q3 earnings-season debut |
| Regulator comment | SEC chair Atkins cites a ‘new spirit of harmonization’ with the CFTC |
What happens next
Watch for Robinhood’s confirmed launch date & which companies get contracts first.
Sources: Cboe Corporate Performance Bets Heading to Robinhood
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