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Robinhood Launches ‘Pro Football Championship’ Contracts
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Key points
- Robinhood said that users can now transaction activities on Sunday’s “professional football champion” between “Kansas City” and “Philadelphia”.
- Robin It is said that all 50 states will be able to purchase one of the two contracts based on the prediction of “who will win”.
- Robinhood used to provide opportunities for transactions November Presidential ElectionEssence
Online trading platform Robinhood (hood) Monday said that it will allow users to buy Event contract Which team they would win the “professional football champion” this weekend.
These contracts will allow users to bet on them to think that “Kansas City” or “Philadelphia” will win a large -scale game on Sunday. (Official NFL Partners call the game “Super Bowl Lix”, and pay attention to the full names of the participants, the Chief of Kansas City and the Philadelphia Eagle Team.
Robinhood said that all 50 states will be able to purchase one of the two contracts based on their predictions of “who will win”. Users can only have one “yes” contract.
Robinhood said: “Each contract represents a approximate probability between $ 0.01 and $ 0.99, and each contract effectively represents the 1 % probability of the incident in the market.” “For example, if the contract is priced at 53 cents, , Can explain it as the possibility of 53 % of the market. ”
Robins had tried the event contract last fall, Provide users with opportunities Transaction with the results of the presidential election.
Robinhood Markets shares in recent transactions to $ 52.10. In the past 12 months, they have soared about 375 %.
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