Overview

• Robinhood this week opened trading on every NFL game plus Power 4 college matchups and Heisman futures, expanding its prediction-markets hub.
• The rollout is in partnership with Kalshi, which began listing college football point spreads and over/under totals on its exchange.
• NCAA senior vice president Tim Buckley said offerings outside state gambling oversight pose threats to competition integrity and student-athlete safety.
• Robinhood and Kalshi maintain their event contracts fall under CFTC jurisdiction, and Robinhood filed lawsuits against regulators in New Jersey and Nevada to block state actions.
• Traditional sportsbooks are moving to compete, with FanDuel announcing a partnership with CME Group to develop fully funded event-based contracts.