• Loading stock data...
Monday, October 6, 2025

Robinhood Suspends Rollout of Super Bowl Betting After CFTC Request

Robinhood said it received a request from the Commodity Futures Trading Commission to halt the promotion.

Jan 26, 2025; Philadelphia, PA, USA; Philadelphia Eagles quarterback Jalen Hurts (1) walks off the field after winning the NFC Championship game against the Washington Commanders at Lincoln Financial Field.
Eric Hartline-Imagn Images

A day after announcing Robinhood account holders can bet on the Super Bowl this week, the stock trading platform said it’s suspending rollout of this feature.

On Tuesday Robinhood said the Commodity Futures Trading Commission asked it to “not permit customers to access” sports event contracts. In a statement, Robinhood said it’s “disappointed,” especially since it’s been “in regular communication with the CFTC about our intent and plans to offer this product.” The company said it had only rolled out this product to 1% of customers.

Robinhood announced a partnership with prediction market Kalshi Monday that would allow users to bet on the winner of the Eagles and Chiefs with money in their brokerage accounts. The bets will only center on who wins the game outright, as opposed to point spreads or any of the myriad of other props around the Super Bowl. 

The two parties were careful to call this “event trading” as opposed to “betting” or “gambling,” though it’s functionally the same thing. Sports betting is regulated at the state level, whereas derivatives trading is federally regulated.

“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. “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.”

There are people in the traditional sportsbook space who view new products like this as an existential threat. In the immediate term, this partnership will have little impact on the handle (total money bet, which is different from revenue after paying out winners) that shops like FanDuel and DraftKings get for the Super Bowl. In the long run, it could become significant if and when point spreads, player props, and parlays come into the picture on exchange-based trading.

Exchanges can offer substantially lower “vig” because users are betting against one another, with the platforms serving as market-makers. With sportsbooks, gamblers are betting against the house, which has inherent risk in each bet. 

Robinhood has about 24 million users, 11 million of which are active on a monthly basis. Kalshi, an exchange where you can bet on everything from the weather to politics, is a relatively new player backed by VC firms including Sequoia, Neo, Y Combinator, and Mantis VC. Donald Trump Jr. was recently named as a strategic advisor to Kalshi. 

Last month, Kalshi filed this Super Bowl market with the Commodity Futures Trading Commission (CFTC). This followed a similar filing by Crypto.com. While the CFTC had asked Crypto.com to pause its offering pending a regulatory review, the crypto exchange rebuffed the request and continued to list the market as the governing body was set to flip from majority Democrat to Republican under the Trump Administration. The CFTC has thus far not taken any further action on the matter. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 2, 2022; Las Vegas, NV, USA; Southern California Trojans former quarterbacks Mark Sanchez (left) and Matt Leinart watch from the sidelines during the Pac-12 Championship game against the Utah Utes at Allegiant Stadium.

Mark Sanchez, Fox Sports Sued Over Alley Fight That Turned Bloody

The high-profile incident took place Saturday night in Indianapolis.
Oct 4, 2025; Fort Worth, Texas, USA; TCU Horned Frogs head coach Sonny Dykes and Colorado Buffaloes head coach Deion Sanders hug following a game at Amon G. Carter Stadium.

More Health Problems for Deion Sanders As Colorado Slides

Sanders indicated his blood clots have returned.

Mark Sanchez Charged With New Felony in Indianapolis Case

The broadcaster and ex-NFL quarterback faces up to six years in prison.

NFL London Fans Get Partial Refunds After Ticket App Glitches

Fans experienced delays entering the Vikings-Browns game.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
Sep 18, 2025; Orchard Park, New York, USA; Buffalo Bills quarterback Josh Allen (17) runs the ball against the Miami Dolphins in the second half at Highmark Stadium.
exclusive

Kalshi, Polymarket Sought to Buy Prediction-Market Platform Novig

Novig is available in close to 40 states.
Sep 8, 2025; Chicago, Illinois, USA; Chicago Bears quarterback Caleb Williams (18) rushes the ball past Minnesota Vikings safety Theo Jackson (26) during the second half at Soldier Field.
exclusive
September 10, 2025

Americans See Little Difference Between Prediction Markets and Betting

A survey found 85% of respondents believe sports event contracts are gambling.
September 12, 2025

FanDuel, Jaguars Reach $5M Deal Over Employee Theft

A Jaguars employee stole $20 million and gambled much of it with FanDuel.
Sponsored

How Soccer Star Jozy Altidore Became a Buffalo Bills Owner

Jozy Altidore discusses building a business legacy off the field.
Sep 4, 2025; Philadelphia, Pennsylvania, USA; Philadelphia Eagles cornerback Adoree' Jackson (8) tackles Dallas Cowboys wide receiver CeeDee Lamb (88) during the third quarter of the game at Lincoln Financial Field.
September 5, 2025

Kalshi’s $27M NFL Opener Runs Into Tribal Challenge

California Tribes want Kalshi forced to implement geofencing.
Eagles
September 4, 2025

FanDuel Paying $80K for Eagles Trains Amid Transit Funding Fight

The gambling company is giving stopgap transit funding in Philadelphia.
Sep 1, 2025; Chapel Hill, North Carolina, USA; TCU Horned Frogs tight end DJ Rogers (0) catches a touchdown pass as North Carolina Tar Heels defensive back Kaleb Cost (21) defends in the fourth quarter at Kenan Stadium.
September 3, 2025

Polymarket Moves Closer to Reentering the U.S.

There’s yet more prediction markets momentum as the NFL season kicks off.
during the fourth quarter at Memorial Stadium in Clemson, S.C. Saturday, August 31, 2025.
September 2, 2025

Underdog Bets on Prediction Markets With Crypto.com Deal

Sports event contracts will be offered in 16 states.