Robinhood launches derivatives trading for the U.S. presidential election

ChainCatcher news, according to CNBC, Robinhood is entering the prediction market, announcing on Monday that users can start trading contracts just eight days before the 2024 U.S. presidential election.

The company stated that users can begin trading contracts for Kamala Harris or Donald Trump starting Monday, as long as they meet certain conditions (including being a U.S. citizen). This trading is offered through Robinhood's derivatives division and ForecastEx.

Robinhood stated, "We believe event contracts provide people with real-time decision-making tools, unlocking a new asset class that allows the public to better engage with ongoing events."