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Robinhood is bringing NCAA futures to the platform, which makes this look more like a gambling app than an investing platform.
Robinhood (HOOD -7.53%) has gotten a lot of attention for its NCAA tournament futures, and not in a good way. Many observers think this is akin to gambling, but is there a bigger story here? Travis Hoium digs into where these contracts could add value to the company and investors.
*Stock prices used were end-of-day prices of March 18, 2025. The video was published on March 19, 2025.
Travis Hoium has positions in MGM Resorts International and Robinhood Markets. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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