Following the success of Crypto-Based Platform Polymarket Trading Venue Robinhood (Hood) is now opening a prediction market on its platform available through CFTC-regulated Exchange Kalshi, says the company, with contracts rolling out today.

The company’s prediction markets HUB allows customers to focus on event results, the hood announced in a press release.

It is another competitor to the Polymarket, the world’s largest prediction market that exploded in popularity last year in the midst of the US presidential election and any other number of other high and lower profiled news events. The increase in popularity triggered intense control over the platform, which, according to an analysis by NBC News, attracted over $ 3.6 billion in efforts just for the presidential election.

Some questioned the identity behind the effort, and whether results on the platform may even have fluctuated the choice resulting in a particular direction. Polymarket CEO Shayne Coplan’s apartment in New York City was even assaulted by the FBI who grabbed his phone and other electronic devices.

Robinhood said it has spoken to the US Commodity Futures Trading Commission (CFTC) in recent weeks.

“We believe in the power of prediction markets and believe that they play an important role in the intersection of news, economy, politics, sports and culture,” said JB Mackenzie, VP & GM for Futures and International at Robinhood.

To start the product launch, dealers will be able to bet on the potential upper limit of the target fat -Foundation’s rate in May, as well as the future men’s and women’s college basketball tournaments, Robinhood said.

Shares in the trade app rose by 2.3% Monday to $ 40.17.