Robinhood Rolls Out Sports Wagering Capabilities – Just in Time for NFL Playoffs
Robinhood Markets is expanding its sports event contracts to include additional sports wagering capabilities. The platform lets users wager on precise football stats, including the number of touchdowns a player can make, receiving and rushing yards for a player.
The online brokerage unveiled a list of updates to its sports-focused prediction markets business, Reuters reported. The rollout comes just in time for the NFL playoffs, scheduled in January 2026.
Robinhood Launches Enhanced ‘Preset Combos’
According to Robinhood’s official announcement, customers can trade what it calls “preset combos” for individual professional football games. These combine multiple event contracts and only pay out if each event within the combination resolves correctly.
These combos resemble parlay bets in traditional gambling, JB Mackenzie, VP and general manager of futures and international at Robinhood, told CNBC.
“We’re trying to build new customer experiences that make it easier and, in some cases, provide them more advanced order types and trading capabilities to meet the needs that they’re asking us for,” Mackenzie said.
New Player Contracts Let Customers Track, Trade Individual Pro Player
Besides, Robinhood has announced player contracts, which let users track and trade individual pro football player performances.
Player contracts for other sports are forthcoming, Robinhood noted. “These tools give traders greater precision, control, and access to the events they care about most,” the company added.
Event contracts have exploded in popularity since the U.S. presidential election. Since its launch in 2024, Robinhood’s prediction markets has reported 11 billion contracts traded by more than 1 million customers.
“There are a plethora of competitors. But with us being early to market, we’ve been able to fine-tune our product,” said Adam Hickerson, senior director of futures at Robinhood, told Reuters.
The most popular contracts have been in sports. According to the Pew Research Center, 22% of adults in the US said they’ve personally bet money on sports in the past year.
On Tuesday, Robinhood also announced new features for its brokerage platform, including updates to Robinhood Cortex, its AI-powered investing assistant.
Ayrıca Şunları da Beğenebilirsiniz
Bitcoin ETF Investors React to Fed’s Decision
US Senators Introduce SAFE Crypto Act to Target Rising Crypto Scams
