Robinhood Launches Presidential Election Betting Market Allowing Users To Wager On Harris And Trump

Retail investing platform Robinhood launched a program on Monday allowing users to bet on the outcome of the U.S. presidential election, entering a market that currently favors former President Donald Trump.

Robinhood joins other prediction market firms like Polymarket, Kalshi, and PredictIt in this growing trend.

However, the Commodity Futures Trading Commission has raised concerns about the potential impact of election betting on election integrity, as it might incentivize voters to support certain candidates based on their bets, Forbes has reported.

read more: https://www.forbes.com/sites/dereksaul/2024/10/28/robinhood-launches-presidential-election-betting-market-allowing-users-to-wager-on-harris-and-trump/

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