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.

The investing app will offer a predictions market hub. Early offerings include bets on March Madness and the direction of interest rates.

Robinhood and Kalshi are launching a March Madness prediction market amid growing discussion regarding such markets' legality.