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Robinhood CEO Vlad Tenev said states are opposing prediction markets to protect their own gambling tax income, describing a 'huge financial incentive' behind regulatory pushback against the growing prediction-market sector. Robinhood moved to expand its footprint in the space by landing a partnership deal with Crypto.com to broaden prediction-market offerings, alongside an underwriting role for Oura's planned IPO. Goldman Sachs raised its price target on Robinhood following the news, signaling growing Wall Street confidence in the company's diversification beyond core brokerage into crypto and prediction markets even as state-level regulatory friction persists.