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Cheddar News
  • 1 year ago
Will you be betting on who will win the presidency? Well, Robinhood is, as the company is now letting users place their bets on Kamala Harris or Donald Trump.
Transcript
00:00Will you be betting on who will win the presidency?
00:03Well, Robinhood is, as the company is now letting users place their bets on Kamala Harris or Donald Trump.
00:10As long as you're a U.S. citizen, starting today, you can trade these contracts through Robinhood derivatives and forecasts.
00:18This move comes as the prediction market heats up,
00:21especially after Calshi scored a legal win, allowing more platforms to join the fray.
00:26While some worry about market manipulation due to low trading volumes,
00:30Robinhood insists that these vent contracts are a game changer,
00:35giving people a fresh way to engage with real-time events.
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