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In an interesting turn of events, Robinhood has ventured into political prediction markets, offering its users the opportunity to trade on the outcome of the upcoming 2024 US presidential election. These event contracts will allow users to leverage their political insights and trade based on anticipated election results. The trading happens through the Robinhood Derivatives unit and ForecastEx, operated by Interactive Brokers. With this move, Robinhood aims to broaden its service offerings and keep users engaged with real-time financial and political events.
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