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Robinhood admits it’s just a gambling app
That’s what the presidential betting market is all about!
Robinhood’s exciting new investment opportunity comes after the Commodities Future Trading Commission lost a lawsuit against a platform, Kalshi, that offers political event contracts. For instance, Polymarket has admitted that a single French bettor is responsible for enormous bets that Donald Trump will win the presidential race. A quick tour of Robinhood’s most recent quarterly earnings reports shows that an awful lot of its revenue growth is attributable to crypto trading.
Or read this on The Verge
