You can bet on the election on Robinhood, but the details of how this is done are important for Robinhood's long-term growth.Robinhood (HOOD 3.03%) announced a new election product on Monday, which shows how quickly advanced products like swaps are making it to the trading platform. In this video, Travis Hoium covers what a swap contract is and how this could be a big part of Robinhood's future growth.*Stock prices used were end-of-day prices of Oct. 28, 2024. The video was published on Oct. 28, 2024. ...

Robinhood announced on Monday it is tapping into a growing politics prediction market by allowing users to trade Kamala Harris or Donald Trump contracts on the 2024 presidential election. Users were able to start trading as long as they met certain qualifications, like being a US citizen, the investing platform said in a press release. The event contract is being offered by Robinhood Derivatives and ForecastEx. The contracts will be priced between two cents and 99 cents, earning a $1 payout if the user gues ...

Key TakeawaysRobinhood Markets is allowing customers to trade on the outcome of the U.S. presidential election.The company's event contract allows investors who are U.S. citizens to choose either Vice President Kamala Harris or former President Donald Trump.Robinhood joined Interactive Brokers Group and Kalshi in offering presidential election event contracts. Robinhood Markets (HOOD) shares advanced Monday after the online trading platform announced that its customers could now make trades on the outcome o ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Shares of Robinhood Markets Inc (NASDAQ:HOOD) are up 3.2% at $27.93 at last glance, and trading at nearly three-year highs. The trading platform today announced that users, if meeting certain criteria such as U.S. citizenship, can trade contracts to bet on the U.S. presidential election. On the charts, Robinhood stock is above all moving averages between the 20- and 320-day trendlines, with recent support from the former. Now trading at its highest levels since Nov. 2021, the equity is up 118.8%. Though cal ...

Robinhood Markets (HOOD) is slated to announce third-quarter 2024 results on Oct 30, after market close. One of the HOOD's peers, Tradeweb Markets Inc. (TW) , is also scheduled to announce quarterly numbers on the same day. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Robinhood's second-quarter performance was impressive. Results benefited from the trading surge especially the crypto-trading boom, higher net interest income and a jump in Gold subscribers. This drove the company' ...

In this articleHOODNDAQICEThe New York Stock Exchange is seen during morning trading on October 04, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesThe New York Stock Exchange, owned by Intercontinental Exchange, wants to do trading 22 hours a day during the week. Is that good for the markets? The Big Board announced on Friday that it was seeking approval to expand trading on its electronic Arca platform from 16 hours a day to 22 hours a day (pausing between 11:30 p.m. and 1:30 ...

The upcoming report from Robinhood Markets, Inc. (HOOD) is expected to reveal quarterly earnings of $0.18 per share, indicating an increase of 300% compared to the year-ago period. Analysts forecast revenues of $661.21 million, representing an increase of 41.6% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 5.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates ...

The market expects Robinhood Markets, Inc. (HOOD) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these ...

In the latest market close, Robinhood Markets, Inc. (HOOD) reached $27.41, with a +1.63% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.05%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.18%.Shares of the company witnessed a gain of 18.81% over the previous month, beating the performance of the Finance sector with its loss of 4.85% and the S&P 500's gain of 2.76%.The investment community will be closely monitoring the performance of Robin ...