Robinhood CEO Vlad Tenev announced on X that over 100 million contracts have been traded in under a week, reflecting the high interest in election betting.
The introduction of election betting on Robinhood's app allows users to track in real-time bets and changing probabilities of candidates, with Trump currently at 55%.
Following a court ruling in September, prediction markets like Robinhood and Kalshi have been able to offer election betting, which may change the landscape of political predictions in the USA.
Despite an ongoing appeal from the CFTC regarding election betting, these markets have already gathered significant engagement and funds, indicating a bullish sentiment around the electoral outcomes.
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