sportsbooks<\/a> remain prohibited from offering similar betting markets.<\/p>\nIf the platform’s market opens with a 62% chance of a Trump victory, users will be able to buy Trump contracts at $.062 apiece<\/h2>\n According to the site Election Betting Odds, Trump has a 62% chance of winning over Harris across major betting markets. FiveThirtyEight’s, the poll-based prediction model, gives Trump a 54% chance at victory. Then there’s Nate Silver\u2019s Silver Bulletin, which prices Trump at 52.9%.<\/p>\n
In other words, if the Robinhood market opens with a 62% chance of a Trump win, the platform’s users could buy Trump contracts at $0.62 apiece and Harris contracts at $0.38.<\/p>\n
This essentially boils down to $1 separately if their pick is successful. Users would net about a 60% return on investment if Trump wins and 160% if Harris does.<\/p>\n
The hours of operation for Robinhood\u2019s presidential election betting market will ramp up heading into next Tuesday\u2019s election. Trading opens at 8 a.m. ET and runs through 8 p.m. ET.<\/p>\n
The contracts will pay out Jan. 7-8, 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"
Retail investing platform Robinhood debuted a program Monday enabling users to place wagers on the outcome of the U.S. presidential election, entering a growing market which currently favors Republican nominee Donald Trump over Vice President and Democratic candidate Kamala Harris. Robinhood will allow its clientele to bet on the November 5 general election via presidential […]<\/p>\n","protected":false},"author":305,"featured_media":1602948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[447607],"tags":[66144,447423,447424],"class_list":["post-1602938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","tag-gambling","tag-main-page","tag-news"],"acf":[],"yoast_head":"\n
Robinhood Launches U.S. Presidential Election Betting Market<\/title>\n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n