Robinhood Partners With Kalshi for NFL and College Football Trading
Robinhood has partnered with Kalshi to allow users to trade on the outcomes of NFL and college football games. This new betting market is accessible via Robinhood's Prediction Markets Hub across the U.S.
- Users can trade outcomes for all regular season pro matchups and major college games.
- This service operates on Kalshi’s federally regulated exchange, treating trades as commodities rather than wagers.
- Robinhood aims to compete with traditional betting platforms like DraftKings and Flutter Entertainment.
- The launch follows Robinhood's interest in prediction markets, initially introduced in March 2023.
- Kalshi's regulation by the Commodity Futures Trading Commission allows Robinhood to engage in various event trading without violating gambling laws.
- Robinhood plans to expand offerings beyond sports, including crypto and economic events.
This move signifies Robinhood's strategy to broaden its market presence in the prediction trading space.