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.

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, ...

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 ...

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

"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 ...

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.

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, ...

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 ...

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." ...