You can now bet on the presidential election

Vanessa Meshania reports on Robin Hood's introduction of event contracts, which allow users to invest in the outcome of events like elections. These contracts' values fluctuate based on market sentiment, blurring the line between investing and gambling. While Robin Hood sees this as a democratizing tool, critics worry about potential election interference. Despite concerns, Robin Hood plans a limited rollout, and Wall Street reacted positively, boosting Robin Hood's stock.

What did Senator Jeff Merkley express about the implications of betting on elections?

What was the reaction of Wall Street to Robin Hood's announcement about event contracts?