Robinhood Launches Harris-Trump Election Betting Market - Forbes

Oct 28, 2024 · The hours of operation for Robinhood’s presidential election betting market will slowly ramp up heading into next Tuesday’s election, with trading open 8 a.m. EDT to 8 p.m. …

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FAQs about Robinhood Launches Harris-Trump Election Betting Market - Forbes Coupon?

Will Robinhood bet on the presidential election?

Robinhood is entering the prediction market and letting users bet on the outcome of the presidential election, the company announced on Monday. That means starting Monday users can begin to trade contracts for either Vice President Kamala Harris or former President Donald Trump to win the election in November. ...

Did Robinhood launch US presidential elections contracts based on predictions?

In an Oct. 28 notice, Robinhood said its derivatives arm had launched the US presidential elections contracts, allowing only US citizens to trade based on their predictions on whether Trump or Vice President Harris will win in 2024. ...

When will Robinhood's presidential election betting market open?

The hours of operation for Robinhood’s presidential election betting market will slowly ramp up heading into next Tuesday’s election, with trading open 8 a.m. EDT to 8 p.m. EDT the next two days before going almost continuously from Sunday through Friday, Nov. 8. The contracts will pay out Jan. 7-8, 2025. ...

Does Robinhood offer election futures?

As of now, it is the only bet available on Robinhood's prediction markets. Robinhood’s decision to begin offering election futures comes shortly after another prediction markets platform, Kalshi, won a ruling against the Commodity Futures Trading Commission that had been trying to block it from offering election outcome trading. ...

Will Robinhood allow us residents to bid for Harris or trump?

Robinhood’s terms and conditions stated that some US residents would not be allowed to enter bids for Harris or Trump, including those who work for the candidates’ campaigns, are paid employees of political action committees, and White House staff. Robinhood will allow users to trade on the presidential election contracts until Jan. 5, 2025. ...

Why did Robinhood stock rally 4% after US election announcement?

Robinhood shares rallied 4% after the announcement. The company said it would start rolling out the contracts on US Election to a limited number of users, who must be US citizens. Event derivatives trading enables traders to buy and sell contracts that speculate on specific outcomes, such as elections, economic indicators, or policy changes. ...