07:23 AM EDT, 10/28/2024 (MT Newswires) -- Robinhood Markets ( HOOD ) said Monday that its Robinhood Derivatives unit has launched presidential election event contracts that allow customers to trade on the results of the Nov. 5 election.

The company said the presidential election event contracts are set to start rolling out to a limited number of customers on Monday, with one contract each for Kamala Harris and Donald Trump.

Customers have to apply and be approved for a Robinhood Derivatives account to start trading, according to the statement.

Robinhood shares were up more than 2% in recent premarket activity.

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