The company is launching a new hub for investor predictions which will enable customers to buy event contracts based on the outcome of sport matches and other events.

Robinhood has been dabbling for months in the field of prediction markets, which let users wager on the outcome of future events. Now, the company is going all in, unveiling a dedicated hub on Monday that offers contracts related to the March Madness college basketball tournament,

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.