Robinhood Markets Inc. (NASDAQ:HOOD) has launched presidential election event contracts through its subsidiary, Robinhood Derivatives, LLC (RHD), ahead of the Nov. 5 general election.
What Happened: The event contracts enable users to trade based on predictions of the 2024 presidential election outcome, with contracts available for Kamala Harris and Donald Trump. Initially, these contracts will be accessible to a select group of customers. Participants must apply and meet certain criteria, including U.S. citizenship.
Robinhood said that the importance of real-time market access for its customers inspired the introduction of 24/5 trading and plans for futures trading.
