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HOOD, COIN rise on ceasefire hope, ignoring legal risks
short by / on Friday, 24 April, 2026
Robinhood (HOOD) and Coinbase (COIN) rose premarket despite Wisconsin suing them and others for creating a "public nuisance" with prediction markets. The state named Polymarket and Kalshi as well. Other states have also challenged these platforms. The gains followed Trump's announcement of an Israel-Lebanon ceasefire extension.
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