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Investing.com -- Robinhood (NASDAQ:HOOD) Derivatives, LLC (RHD) has introduced event contracts for the Pro Football Championship today, enabling eligible customers to trade based on the expected outcome of the forthcoming game between Kansas City and Philadelphia.
The new service is part of Robinhood’s broader mission to democratize finance for everyone. The company sees the addition of event contracts, a developing asset class, as a way to better cater to their customers’ diverse interests, which span across markets, news, sports, and entertainment.
The Pro Football Championship event contracts are available to all eligible customers in all 50 states through KalshiEX LLC, a regulated exchange. This offering allows customers to speculate on the result of the highly anticipated game.
These event contracts use the robustness of the financial market structure to promote improved liquidity, transparency, and price discovery.
Customers can trade one of two different event contracts based on their prediction for the winner of the game between Kansas City or Philadelphia. To participate, customers need to download the latest version of the app, and meet certain criteria to be approved for a RHD account.
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