Robinhood Now Offering Sports Event Trading Through Kalshi

• Robinhood and Kalshi today announced a unique partnership
• Robinhood users can now trade NFL championship event contracts through Kalshi
• Kalshi jumped into sports event contract trading last month

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Robinhood’s 25 million U.S. customers can now experience NFL championship event contract trading through a partnership with Kalshi, a regulated exchange and prediction market.

Robinhood announced the partnership with Kalshi this morning, which will allow its users to purchase event trading contracts on whether the Eagles or Chiefs will win the Super Bowl.

Kalshi announced in January it was jumping into the sports event trading contract market. It announced this past week that it would offer certain markets through other brokers.

Robinhood Only Offering NFL Championship Contracts

Robinhood’s partnership with Kalshi only authorizes their users to deal in NFL championship event contracts between the Eagles and Chiefs. Robinhood is Kalshi’s first broker.

First reported by Front Office Sports, the contracts are now available for Robinhood users.

Each winning contract for the correct prediction of the Super Bowl will return $1 to users. For example, if a contract on the Eagles is priced at 51-cents, and the Eagles win the Super Bowl, the user will receive $1 in for a profit of 49-cents on the single contract.

“Robinhood’s mission is to democratize finance for all. With an emerging asset class like event contracts, we recognize an opportunity to better serve our customers as their interests converge across the markets, news, sports, and entertainment,” Robinhood said in a statement to Front Office Sports. “Available in all 50 states on a regulated exchange, the Pro Football Championship event contract gives eligible customers the power to trade on the outcome of the big game.”

Because the service is regulated by the Commodity Futures Trading Commission (CFTC), Kalshi and Robinhood can offer their contracts immediately to users through every state in the country.

We have a new friend: @RobinhoodApp https://t.co/xD3ZkdZYJd pic.twitter.com/kVBTihvBPB

— Kalshi (@Kalshi) February 3, 2025

Kalshi Jumped Into New Markets in January

Kalshi filed a submission with the CFTC on Wednesday, Jan. 22, to offer “Will <team> win <title>?”contracts to its customers.

The event trading company began offering several sports contracts to its users on Jan. 23, including the winner of the Super Bowl, the NBA champion, and conference champions for the NFL and NBA.

Kalshi is offering the following sports event trading contracts to its customers:

• Super Bowl champion
• NFL NFC champion
• NFL AFC champion
• NBA champion
• NBA Western Conference champion
• NBA Eastern Conference champion
• NHL champion
• NCAA men’s basketball champion

Kalshi prohibits current and former players, coaches, and staff of the NFL, NHL, NBA, and NCAA from purchasing the contracts. It also prohibits employees of the league, league participants, owners of teams and the league, and household members and immediate family of those previously mentioned.

Will CFTC Review Kalshi’s New Contracts?

It remains to be seen if the CFTC will evaluate this new partnership, but the regulatory commission has turned its eye recently to similar sports event trading markets.

The regulatory commission has opened a review on Crypto.com’s similar offerings. The CFTC initiated its review on Dec. 19, 2024, for contracts offered by Crypto.com based on the winner of a league championship and the hometown that will host a championship celebration, such as a parade, for its winning team.

The CFTC announced the contracts being offered by Crypto.com may involve a prohibited commodity in CFTC Regulation 40.11(a) and section 5c(c)(5)(C) of the Commodity Exchange Act. This specifically notes that registered entities shall not list for trading or accept contracts that involve “terrorism, assassination, war, gaming, or an activity that is unlawful under any state or federal law.”

The commission requested that Crypto.com cease its trading on these two contract types during the review, but a Crypto.com spokesperson noted in a statement to Sports Betting Dime it would continue to offer the contracts.

“We remain committed to working with the CFTC and will continue to support our customers and the trading of our sports title event contracts in all 50 states without interruption while we review the CFTC’s notification,” the spokesperson said.