Robinhood is launching investment contracts related to the outcome of the November US Presidential election. The company’s contracts will allow users to speculate on the election, without purchasing related assets, in real-time. These will be open for trading until Nov. 8, with prices fluctuating between $0.02 and $0.99, driven by market sentiment.
The value of the contract for the winning candidate will rise, paying out close to $1. The product will be initially available to a limited number of US-based customers.