https://www.cnbc.com/2024/10/28/rob...-chance-to-buy-harris-or-trump-contracts.html Upstart broker Robinhood is jumping into the prediction betting game, announcing on Monday that users can begin trading the 2024 presidential election that is eight days away. Users can trade a Kamala Harris or Donald Trump contract starting Monday, said the company, as long as they meet certain criteria that include being a U.S. citizen. The trading is being offered through its Robinhood Derivatives unit and ForecastEx, which is operated by Interactive Brokers. Robinhood jumps into a suddenly crowded politics prediction markets field that grew this month after platform Kalshi won a key ruling against the Commodity Futures Trading Commission, which was seeking to stop the election outcome trading. The CFTC is appealing the ruling. Shortly after, Interactive Brokers launched various political contracts, including on the election.
They should have had this kind of betting years ago. They are seeing how much people are getting on this election and want to earn a few dollars from the hype