'This is a market, not voting': Robinhood gets into election betting but reminds that it isn't politics
Briefly

Robinhood's new feature allows users to bet on presidential elections, letting them trade contracts for candidates and potentially earn $1 for each contract if their candidate wins.
The company emphasizes that this is a market, not a political vote, allowing customers to trade on specific event outcomes, like election results.
Despite growth in platforms like Polymarket, the CFTC has aimed to restrict election betting, but a recent appeals court ruling hindered their efforts.
This move taps into a trend where prediction markets are flourishing, showing a lucrative avenue for user engagement and speculation in political outcomes.
Read at Fast Company
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