{"id":127497,"date":"2025-09-07T22:47:14","date_gmt":"2025-09-07T22:47:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/127497\/"},"modified":"2025-09-07T22:47:14","modified_gmt":"2025-09-07T22:47:14","slug":"robinhood-captures-a-spot-on-sp-500","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/127497\/","title":{"rendered":"Robinhood Captures a Spot on S&P 500"},"content":{"rendered":"

S&P Dow Jones Indices<\/a> announced<\/a> that change Friday (Sept. 5), saying the trading platform\u2019s inclusion will go into effect Sept. 22.<\/p>\n

Joining Robinhood among new inductees is the marketing platform AppLovin<\/a>, replacing bond trading platform MarketAxess<\/a>, and electrical construction services provider Emcor<\/a>, replacing the solar inverter company Enphase Energy<\/a>, the announcement said.<\/p>\n

Founded in 2013 by Vlad Tenev<\/a>, the company\u2019s CEO,\u00a0Robinhood made a name for itself as a place for retail investors, and has since branched out into several other offerings, including cryptocurrencies. The company said earlier this year that transaction-based revenues had jumped 77% year over year, a trend fueled chiefly by crypto.<\/p>\n

More recently, the company\u2019s second quarter earnings showed Robinhood \u201cpivoting sharply<\/a> from its roots in commission-free retail trading toward a diversified, multilane financial platform,\u201d as PYMNTS wrote in late July.<\/p>\n

The second quarter earnings, that report added, demonstrated Robinhood\u2019s ability to scale its crypto ambitions. Revenues from crypto-related products jumped 98% year over year to $160 million, while total notional crypto trading volumes came to $35 billion.<\/p>\n

\u201cMuch of that surge can be attributed to the June acquisition<\/a> of Bitstamp<\/a>, a legacy exchange with deep roots in Europe and over 50 regulatory licenses across major jurisdictions,\u201d PYMNTS added. \u201cNotably, $7 billion in Q2 crypto volume came from Bitstamp alone, indicating rapid onboarding of its institutional client base.\u201d<\/p>\n

More recently, PYMNTS wrote about Robinhood\u2019s decision to sue New Jersey and Nevada in a case centering around its prediction market business<\/a>. As that report noted, Robinhood insists that its event contracts are governed by federal law.\u00a0<\/p>\n

Tenev had characterized prediction markets as distinct from gambling with societal value in an interview earlier this year, though he said there\u2019s some regulatory gray areas.<\/p>\n

Nevada and New Jersey contend that event contracts tied to sports outcomes are essentially the same as sports betting.\u00a0<\/p>\n

The states, both of which have well-established gambling regimes, say they have jurisdiction on consumer protection and market-integrity grounds, arguing that these contracts look like sports bets: the underlying asset is the outcome of a game, rather than a financial instrument, and therefore should be treated as such.<\/p>\n

\u201cRobinhood\u2019s move both underscores the sector\u2019s momentum<\/a> and highlights the unresolved tension between state gambling laws and federal commodities regulation,\u201d PYMNTS wrote.<\/p>\n

\u201cMany market participants are of the view that, if prediction contracts eventually gain federal protection, regulated sportsbooks could pivot to offering similar models under CFTC oversight.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"S&P Dow Jones Indices announced that change Friday (Sept. 5), saying the trading platform\u2019s inclusion will go into…\n","protected":false},"author":2,"featured_media":127498,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,69964,100,44,7995,69965,69966,7554,69967,7996],"class_list":{"0":"post-127497","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-crypto-trading","12":"tag-markets","13":"tag-news","14":"tag-pymnts-news","15":"tag-robinhood","16":"tag-robinhood-markets","17":"tag-sp-500","18":"tag-trading-platforms","19":"tag-whats-hot"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/127497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=127497"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/127497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/127498"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=127497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=127497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=127497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}