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.