Key Takeaways Robinhood customers will soon be able to trade on the outcome of "March Madness."Trading platform Robinhood is getting into the events contracts game with a newly launched prediction markets hub within its app.

Robinhood is launching a prediction-markets hub that will allow users to bet on basketball tournaments and coming interest-rate moves from the Federal Reserve. The brokerage is partnering with prediction-market startup Kalshi to offer the event contracts through Robinhood’s app.

Robinhood Derivatives, LLC (RHD) has launched a prediction markets hub inside the Robinhood App, where customers can trade on the outcomes of important global events.