Kaius said:
Event contracts are not unique to Robinhood. Interactive Brokers and others like Tradovate and Ninjatrader offer them too. You can bet on events like whether oil will close above a certain price.
IBKR offers election derivatives too?
@Shay
Yep! They’re my main brokerage, and they offer just about everything. Would be strange if they didn’t.
Kaius said:
@Shay
Yep! They’re my main brokerage, and they offer just about everything. Would be strange if they didn’t.
So theoretically, you could bet on anything? Like who wins a boxing match?
@Shay
That might cross into actual gambling. Election stuff at least has some tie to economic impact.
@Shay
To classify it as a security in the U.S., it needs to be traded through a proper exchange. These are generally treated like swap products.
They should add ranked matchmaking and a real-time prisoner’s dilemma game. Welcome to the money arena!
Only a few people got access to this, but yeah, Robinhood’s pretty much a bookie here.
This is pretty gross. Stuff like this shouldn’t be allowed.
Luca said:
This is pretty gross. Stuff like this shouldn’t be allowed.
People can still bet offshore, so might as well keep the money in the U.S. by legalizing it here.
Luca said:
This is pretty gross. Stuff like this shouldn’t be allowed.
Luca said:
This is pretty gross. Stuff like this shouldn’t be allowed.
Toryn said:
Luca said:
This is pretty gross. Stuff like this shouldn’t be allowed.
Toryn said:
Toryn said:
Luca said:
This is pretty gross. Stuff like this shouldn’t be allowed.
What’s the price for each candidate’s contract right now?
Jordan said:
What’s the price for each candidate’s contract right now?
yes
This is just gambling.
Dior said:
This is just gambling.
I’m fine with that.
I’m fine with that.
Your money, your choice 
Exactly!