Betting on elections in the United States is quickly going from taboo to a typical day at the office for some Americans.
Robinhood’s entry into de facto election wagering gives Americans another way to legally bet on the outcome of the presidential campaign.
The product, which Robinhood is gradually rolling out to its clientele, will allow users to buy and sell"Yes" contracts for either Democrat Kamala Harris or Republican Donald Trump for this year's U.S. presidential election.Customers can only purchase a “Yes” contract for one of the candidates, not both, at a price ranging from $0 to $1.
Robinhood’s entry into de facto election wagering gives Americans another way to legally bet on the outcome of the presidential campaign, alongside earlier participants such as Kalshi, Interactive Brokers, and PredictIt. Regulated sportsbooksThat competition is also helping to push election betting into the mainstream, making gambling on politics akin to wagering on the rise and fall of stocks and bonds.and among Americans on Main Street, it fell out of favor among regulators and lawmakers.
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