Robinhood has officially launched a betting market for the upcoming presidential election, allowing users to wager on outcomes involving key candidates such as Harris and Trump. This new feature aims to tap into the growing interest in prediction markets as Americans seek to engage in election-related trading. The company acknowledges its new role in the gambling space, with prospects of modest revenue, yet its stock has seen an uptick following the announcement. This move positions Robinhood alongside existing platforms like Polymarket and Kalshi, intensifying competition in the election betting arena.