Event contracts — largely binary trades that settle based on real-world results — have long lived on the periphery of financial markets. But Robinhood’s scale and user base may be changing that.

Event contracts have exploded in popularity since the U.S. presidential election, fueling a heated debate between traders who have embraced the nascent asset class and critics who liken it to ...

An event contract is based on a binary outcome—something either will or won't happen. The price of each contract fluctuates between $0.01 and $0.99, ...

Kalshi rolled out event contracts on Thursday – as it said it would – that involve the Super Bowl and March Madness, among other things.

Pham had criticized the CFTC’s approach to event contracts in the past, and on Jan. 27 announced the launch of a series of public roundtables on various happenings, including prediction markets.

The contracts offered on prediction markets such as Kalshi give participants the ability to purchase derivatives on a wide range of political, economic, and cultural events. Kalshi, which offered ...

"We believe event contracts give people a tool to engage in real-time decision-making, unlocking a new asset class that democratizes access to events as they unfold," Robinhood said in a press ...

Event contracts are a type of derivative contract that is based on the outcome of a particular event, such as a political election. They are considered gaming contracts, ...

When event contracts became more popular ahead of the U.S. presidential election, Elon Musk said on X that prediction markets were "more accurate than polls, as actual money is on the line." ...