Robinhood launches contracts to wager on presidential election

Robinhood on Monday said traders can begin using its platform to bet on the U.S. presidential election that is just over a week away.

Investors using Robinhood have the opportunity to make money by speculating on the outcome of the race between Vice President Kamala Harris and former President Donald Trump.

The trading platform said it would begin offering the contracts on Monday to a limited number of customers, who must be U.S. citizens.