The platform said it was “committed to democratizing finance for all,” but would not endorse either the Democratic or Republican candidate in 2024.
With eight days until the United States general election on Nov. 5, cryptocurrency and stock trading platform Robinhood announced it introduced contracts for certain users to bet on the outcome of the presidential election between Vice President Kamala Harris and Donald Trump.
In an Oct. 28 notice, Robinhood said its derivatives arm had launched the US presidential elections contracts, allowing only US citizens to trade based on their predictions on whether Trump or Vice President Harris will win in 2024. According to the platform, the contracts will be paid after the election results are certified by Congress on Jan. 6, 2025.
“Robinhood is committed to democratizing finance for all, regardless of who is in office,” said the platform. “Although we are allowing our customers to speculate on the outcome of the 2024 Presidential Election, results and real-time market fluctuation do not indicate an endorsement of either candidate from Robinhood.”
