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Robinhood Launches 2024 Election Prediction Market

  • Robinhood has launched a new feature that allows its customers to trade on the outcome of real-life events, including major ones like elections.
  • The election market has two event contracts representing Kamala Harris and Donald Trump, and customers can choose which candidate they believe will win by trading on the respective contract.
  • To participate, Robinhood users must apply and meet certain requirements to open a 'RHD' account, limited to US citizens.
  • The launch of the prediction market reflects Robinhood's efforts to cater to customer demand for real-time trading and engagement in various markets.

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