- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Fact-checked by Stoyan Todorov
Robinhood Teams Up with Kalshi for Super Bowl Event Trading
In January, Kalshi requested CFTC approval to offer contracts on major sporting events, including the Super Bowl, NBA championships, and NCAA tournaments

Robinhood has revealed a new team-up with Kalshi, a regulated prediction market. This partnership lets users trade event contracts for Super Bowl LIX. As a result, Robinhood account holders can now trade on the outcome of the championship game between the Kansas City Chiefs and the Philadelphia Eagles.
Robinhood and Kalshi Introduce Event Trading as a Sports Betting Alternative
This offering differs from regular sports betting, which states regulate. Instead, it falls under federal oversight through the Commodity Futures Trading Commission (CFTC). To set it apart from typical sportsbook wagering, Robinhood and Kalshi call this initiative “event trading” rather than “betting” or “gambling”.
Robinhood users can bet on the Super Bowl winner by buying contracts. Each right guess pays out $1 per contract, minus a small fee. This way of betting is different from normal sportsbooks. Big names like FanDuel and DraftKings offer lots of bet types, including point spreads and bets on specific players. However, Robinhood’s Super Bowl contracts let you pick the winner. Experts in the field think there might be more complicated options down the road.
Kalshi, a company with a track record in offering event contracts for political outcomes and economic indicators, has now set its sights on the sports market. In January, the firm asked the CFTC to approve contracts for big sports events like the Super Bowl, NBA championships, and NCAA tournaments. Kalshi works in a different way than regular sportsbooks. Instead of making money by setting odds against bettors, it runs an exchange where users trade with each other. This approach helps to cut down on costs and boost market liquidity.
With 25 Million Users, Robinhood’s Event Trading Could Disrupt Traditional Sportsbooks
Robinhood famous for its no-fee stock trading app now offers event contracts to its big user base of almost 25 million users. This wide reach in jurisdictions where regular sports betting is not legal yet, could shake up the industry. Some experts think this team-up might change the sports betting scene by giving people an easier and cheaper option than sportsbooks.
Kalshi got the green light from the CFTC to sell sports event contracts, but regulators are still keeping a close eye on things. Crypto.com wants to do something similar, and the agency is looking into it right now. This raises questions about how the US will handle these markets under its financial rules.
Robinhood’s move into event trading fits with its bigger goal to make finance more accessible and offer different ways to invest. As more people get interested in sports-related trading, the company might look into adding more event contracts beyond just the Super Bowl. This could change how sports, finance, and entertainment work together.
Related Topics:
Silvia has dabbled in all sorts of writing – from content writing for social media to movie scripts. She has a Bachelor's in Screenwriting and experience in marketing and producing documentary films. With her background as a customer support agent within the gambling industry, she brings valuable insight to the Gambling News writers’ team.
Next Article
Sports
February 4, 2025
NBA Gambling Scandal Spills over Into College Basketball, Report
Must Read
More Articles
Sports
February 19, 2025
All You Need to Know About Power Slap 12 at Fontainebleau Las Vegas
Lottery
February 19, 2025
Jackpocket Player Wins $83.5M Lotto Texas Jackpot
Industry
February 19, 2025
Hard Rock Casino Rockford Slot Attendants Join Teamsters
Industry
February 19, 2025
Maniscalco Expands Record-Breaking Tour with Atlantic City Shows
Casino
February 19, 2025
Fontainebleau Las Vegas Rolls Out Limited-Time Tier Match
Industry
February 19, 2025
Lawmakers Renew Effort to Scrap Sports Betting Excise Tax
Industry
February 19, 2025
Nevada Bill Aims to Stop Fake Ghost Kitchens on Food Delivery Apps
Sports
February 19, 2025
Israeli Soccer League Hit by Big Match-Fixing Scandal
Casino
February 18, 2025
Sault Tribe Casinos Still Recovering from Hacker Attack
Business
February 18, 2025
Light & Wonder to Acquire Grover Charitable Gaming in a $850M Deal
Industry
February 18, 2025
North Carolina: 58% of Residents Favor Casinos on Non-Native Lands
Industry
February 18, 2025
Indiana’s iGaming Efforts Stall as HB 1432 Fails to Make Progress
Industry
February 18, 2025
PA Gambler Fails to Collect $57K Jackpot Due to Self-Exclusion
Legal
February 18, 2025
Former Texas Lottery Boss Accused of Rigging $95M Jackpot