Bank of America warns: Robinhood (HOOD.US) teams up with market maker giant Susquehanna for vertical integration forecast market traditional gambling industry to be hit hard.

The Zhitong Financial APP learned that on December 16th local time, Robinhood (HOOD.US) officially held a theme event called "YES/NO". This event is not only a deep upgrade of its market prediction business, but is also seen by the market as a "declaration of war" against traditional gambling giants (such as DraftKings and FanDuel) and the existing prediction platform Kalshi. Institutions such as Bank of America have warned that this "tech-savvy" tech giant's attack on the "traditional" gambling companies may force a fundamental reversal of customer acquisition costs and fee standards for the entire industry.