Robinhood stock is up 2.7% following an announcement on their blog about doubling down on sports betting. The company is rolling out AI innovations and prediction markets for intelligent investing, with features like Robinhood Cortex for Gold subscribers. Prediction markets have become their fastest-growing product, with plans to expand into Pro Football games.

Robinhood is set to provide data on stats like Anytime TD, Passing Yards, Receiving Yards, and Rushing Yards for customers to bet on. Despite moral concerns, this move is expected to boost earnings growth to 23% annually over the next five years, potentially reaching $6.3 billion in profit by 2030.

Before investing in Robinhood, note that it wasn’t among the Motley Fool’s 10 best stocks to buy now. The selected stocks are predicted to have significant returns, similar to Netflix and Nvidia when they were recommended by the team in the past, resulting in substantial profits for investors.

Read more at Yahoo Finance: Why Robinhood Stock Just Popped