Robinhood, a popular trading app, has announced that it will allow users to bet on the outcome of the upcoming presidential election. The company is calling this new feature "event contracts" and claims that it democratizes access to events as they unfold. Users can purchase these contracts, which are essentially derivatives, to predict the winner of the election.

Source: https://www.theverge.com/2024/10/28/24281883/robinhood-presidential-betting