Robinhood ($HOOD) Launches U.S. Presidential Election Derivatives Trading for Harris and Trump Contracts

Oct 28, 2024, 11:58 AM

Robinhood has launched U.S. presidential election derivatives trading, allowing users to place bets on the 2024 election. The platform now offers contracts for Kamala Harris and Donald Trump, starting today. This move follows a federal court ruling that cleared the way for election betting in the U.S. Robinhood's 24 million funded users will have access to these high-risk derivatives through a partnership with Interactive Brokers' ForecastEx. The company's shares rose 1.96% in premarket trading following the announcement. Trading is available to select users and the ticker symbol for Robinhood is $HOOD.