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Robinhood Rolls Out NFL Parlays and Live Player Props as Prediction Markets Surge

Custom multi‑leg combos are slated for early 2026 using Kalshi’s RFQ system.

Overview

  • Users can now trade preset multi‑outcome NFL contracts and wager in real time on player stats such as touchdowns and yards.
  • Robinhood plans to let customers request bespoke parlays of up to 10 legs next year, with market makers quoting prices via Kalshi’s RFQ technology.
  • The company says prediction markets are its fastest‑growing product, reporting about $100 million in annualized revenue and billions of contracts traded, with November setting a new monthly record.
  • Industry data show 2025 prediction‑market volume around $44 billion and aggregate monthly open interest rising to roughly $13 billion, as institutional ties deepen through deals such as ICE’s investment linked to Polymarket data distribution.
  • Regulatory questions persist as some states push stricter oversight even as platforms cite CFTC jurisdiction, and integrity concerns have surfaced following allegations of suspiciously precise bets in a high‑profile Polymarket case.