Robinhood investing app enters election betting arena

About a week before Election Day, Robinhood declared that it is the newest investing platform to enter the political betting market.

Robinhood isn't making wagers in the conventional sense, just like the major players in the political betting market.

Traders buy what are known as event contracts with binary outcomes on Robinhood and rival political betting sites.

 

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About a week before Election Day, Robinhood announced its entry into the political betting market, allowing users to engage through event contracts with binary outcomes. Unlike traditional betting, Robinhood traders won't place conventional wagers but will participate in this new format alongside other political betting platforms. This move reflects the growing trend of integrating political predictions into investment platforms. For more details, visit the source.