Nostr News Network on Nostr: 🚨🇺🇸 ROBINHOOD LETS USERS BET ON REAL-WORLD EVENTS Robinhood just launched a ...
🚨🇺🇸 ROBINHOOD LETS USERS BET ON REAL-WORLD EVENTS
Robinhood just launched a new feature that lets users bet on big events—like Federal Reserve interest rate decisions, election results, and even college basketball tournaments.
The bets are simple yes-or-no contracts—guess right and get paid, guess wrong and lose your money.
This type of event-based trading is growing fast, but regulators worry it’s too much like gambling and could be risky.
Robinhood had to cancel Super Bowl bets in February after regulators pushed back, but says it's working closely with the CFTC to keep these new markets running.
The bets will be available across the U.S. through a regulated exchange called KalshiEX LLC.
Source: Reuters
Robinhood just launched a new feature that lets users bet on big events—like Federal Reserve interest rate decisions, election results, and even college basketball tournaments.
The bets are simple yes-or-no contracts—guess right and get paid, guess wrong and lose your money.
This type of event-based trading is growing fast, but regulators worry it’s too much like gambling and could be risky.
Robinhood had to cancel Super Bowl bets in February after regulators pushed back, but says it's working closely with the CFTC to keep these new markets running.
The bets will be available across the U.S. through a regulated exchange called KalshiEX LLC.
Source: Reuters