Robinhood Joins Elections Betting Game Ahead of Voting Day

Robinhood Markets Inc. is joining competitors in allowing retail traders to bet on election outcomes before next week’s US vote for president.

Robinhood is rolling out contracts pegged to specific events, including whether a particular candidate will win an election, the firm said Monday in a statement. The firm will start offering a limited number of the event contracts tied to this year’s presidential race, and buyers will have to attest that they meet a variety of requirements, it said.

“Once approved, customers will be able to trade based on their prediction for ‘who will win the 2024 presidential election,’” ...