Robinhood will host a trivia game in its mobile application over the next two days, providing more than $2 million in Bitcoin and Dogecoin prizes to participants. Eligible U.S. customers with a Robinhood account can participate in the Day 1 contest which kicks off at 4:45pm ET today. The contest will offer 12 multiple-choice trivia questions related to finance, economics, and cryptocy topics, and users will have 10 seconds to answer each.
Users who answer all questions correctly will split the $1 million in Bitcoin for each day’s prize pool. If no users answer all correctly, then those who answered the most questions correctly will split the prize. The contest, which will run on Thursday exclusively for subscribers to the exchange’s premium Robinhood Gold service, will be hosted by Scott Rogowsky, a comedian who previously hosted live daily trivia shows via the popular app, HQ Trivia.
The exclusive contest for Gold members will offer another $1 million in Bitcoin prizes with additional undisclosed Dogecoin rewards for all participants. Robinhood did not immediately respond to Decrypt’s request for comment about how much Dogecoin will be given away. Robinhood users who want to play may only do so from the latest version of the Robinhood mobile app, which is available in both the iOS App Store and Google Play Store.
Winners will be notified in-app and via email within five days after the contest ends, and must claim their prize winnings within 30 days. All crypto prizes will be determined based on the market rate at the time of transfer to the winner’s account. Robinhood Trivia Live is the first contest of this kind to be hosted by the platform, and its Vice President of Product Dheerja Kaur told Fortune that it isn’t committing to this as a recurring thing. “We actually want to see how it does,” Kaur said.
The exchange announced last week that the SEC had ended its investigation into the company for alleged securities violations, without any intention of pursuing enforcement action. Robinhood Markets, which trades under ticker HOOD on the Nasdaq, is up 2.27% in the last 24 hours and trades at $47.27 per share, nearly double its price from this time last year. Bitcoin and Dogecoin have both been subject to broader market volatility in recent days. The pair have climbed 2.5% each in the last 24 hours and are priced at $90,078 and $0.204 respectively.
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