Since first launching prediction markets at the end of last year there have been more than 2 billion contracts traded on Robinhood
Today, Robinhood Derivatives, LLC (RHD) announced the launch of pro and college football prediction markets directly within the Robinhood app. Available through the Prediction Markets Hub, customers can now trade on the outcomes of the most popular pro and college football games, including all regular season pro matchups, and all college Power 4 schools and independents.
“Football is far and away the most popular sport in America,” said JB Mackenzie, VP & GM of Futures and International at Robinhood. “Adding pro and college football to our prediction markets hub is a no-brainer for us as we aim to make Robinhood a one-stop shop for all your investing and trading needs.”
Pro and college football prediction markets are rolling out now and will be available to all eligible customers in the coming days. At launch we’re offering contracts for the first two weeks of the pro and college seasons, and we plan to add weekly matchups as the season progresses (for example, week 3 games will launch after week 1 concludes).
Unlike sports betting, where the firm sets a line, event contracts leverage the power and rigor of financial market structure and are offered in a marketplace where buyers and sellers interact to set the price. Customers can access the contracts in real time and manage risk by adjusting–or exiting–their positions up to and throughout a game before a contract expires.
We believe in the power of prediction markets and think they play an important role at the intersection of trading, news, information, economics, politics, culture, and sports. We currently offer contracts across crypto, economics, financials, sports, culture, and more, with others being added regularly. Ultimately, our goal is to enable anyone, anywhere, to trade, invest or hold any financial asset and conduct any financial transaction through Robinhood.
Prediction markets are offered by Robinhood Derivatives and are currently available across the US through a CFTC regulated exchange.
For more information you can visit our Help Center or read our recent policy paper on our position and support for this emerging asset class.
Disclosures:
Restrictions and eligibility requirements apply. Futures, options on futures and cleared swaps trading involves significant risk and is not appropriate for everyone. Please carefully consider if it’s appropriate for you in light of your personal financial circumstances.
We expect pro and college football prediction markets on Robinhood to be tradeable daily from 8:00am ET until 3:00am ET.
To be eligible, customers must apply and be approved for a Robinhood Derivatives account (or already have an existing Robinhood Derivatives account). Additional trading prohibitions apply for these contracts. For pro and college football prediction markets, please see Appendix B of the trading prohibitions for these contracts).
Read the Event Contracts Risk Disclosure for more information about the risks associated with event contracts.
Pro and college football event contracts are offered by Robinhood Derivatives, LLC through KalshiEX LLC. Robinhood Derivatives, LLC is a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278). As a registered futures commission merchant, Robinhood Derivatives, LLC, does not make markets in any futures or event contracts.
Pro and college football prediction markets are not endorsed by any professional or collegiate athletic association, or professional or collegiate football team that is part of any professional or collegiate football league, or any other company, agency, or government entity. The use of the term “pro and college football prediction markets” and the use of any professional or collegiate team names or abbreviations or colors does not indicate an endorsement of this product.
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