This mix of images created on October 25, 2024 presentations US Vice-President and Democratic Presidential candidate Kamala Harris in Houston, Texas on October 25, 2024 and previous US President Republican presidential candidate Donald Trump in East Del Valle, Austin, Texas on October 25, 2024. Roberto Schmidtsergio Flores | AFP | Getty ImagesUpstart dealer Robinhood is leaping into the prediction making a bet sport, pronouncing Monday customers can start buying and selling the 2024 presidential election this is 8 days away.Customers can business a Kamala Harris or Donald Trump contract beginning Monday, mentioned the corporate, so long as they meet sure standards that come with being a U.S. citizen. The buying and selling is being presented via its Robinhood Derivatives unit and ForecastEx, which is operated via Interactive Agents.Robinhood jumps right into a crowded politics prediction markets box that grew this month after platform Kalshi received a key ruling towards the Commodity Futures Buying and selling Fee, which was once in search of to forestall the election consequence buying and selling. The CFTC is interesting the ruling. In a while after, Interactive Agents introduced more than a few political contracts, together with at the election. The election markets have generated some controversary this 12 months with some enthusiastic about mild quantity permitting the markets to be skewed. World platform Polymarket mentioned ultimate week {that a} unmarried French person was once answerable for 4 accounts spending thousands and thousands to shop for the Trump contract. However Polymarket mentioned an investigation discovered the buying and selling was once no longer manipulating the marketplace.”We consider match contracts give other people a device to interact in real-time decision-making, unlocking a brand new asset magnificence that democratizes get entry to to occasions as they spread,” mentioned Robinhood in a commentary. For now, handiest the presidential election contracts will likely be to be had to business at the machine.Odds and playing platforms don’t use methodologies utilized by conventional political polling, and due to this fact don’t seem to be substitutes for political polls.Don’t omit those insights from CNBC PRO
