Robinhood Introduces Super Bowl Prediction Contracts for Kansas City vs. Philadelphia Matchup
The trading platform expands into event contracts, letting users speculate on the outcome of Super Bowl LIX through a partnership with Kalshi.
- Robinhood will allow users to trade event contracts predicting the winner of Super Bowl LIX between the Kansas City Chiefs and Philadelphia Eagles.
- The contracts, available to eligible users in all 50 states, are priced between $0.01 and $0.99, with each cent representing a 1% probability of the event occurring.
- This marks Robinhood's second foray into event contracts, following its successful launch of presidential election prediction contracts in October 2024.
- The offering is made possible through a partnership with Kalshi, a startup specializing in prediction markets, signaling potential strategic collaboration in the future.
- Robinhood's move is part of a broader effort to diversify its offerings beyond stock trading, including futures, options, and cryptocurrency services.