Robinhood has announced that it will start offering football prediction markets directly within its stock-trading app. In a press release, Robinhood stated that football prediction markets will be live “in the coming days” via its Predictions Hub.
The new service, offered through Robinhood Derivatives in partnership with event-trading platform Kalshi, will allow users to trade contracts on the outcomes of both professional and Power Four college football games, including independents. However, the release only named Kalshi in the disclosures section. The body of the release mentioned that the markets will be offered through a “CFTC regulated exchange.”
“Football is far and away the most popular sport in America,” said JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood. “Adding pro and college football to our prediction markets hub is a natural next step as we build Robinhood into a one-stop shop for trading.”
The announcement comes a day after Kalshi has submitted a proposal to offer betting markets on football matches, including point spreads, over/unders, and touchdown scorers. However, the launch is contingent upon approval from the CFTC and may encounter resistance from both state and federal regulators.
Kalshi expands touchdown props despite legal battles
Kalshi has proposed three distinct types of football-related prediction markets. The first involves point spread contracts, which determine whether a team will win by a specified margin, such as seven points. The second type centres on over/under contracts. These contracts ask whether the total points scored in a particular segment of a match such as the first quarter will be above or below a set figure, such as 14.5. The third category focuses on player-specific outcomes, such as whether a particular player will score a touchdown in the second half.
Kalshi has outlined three categories for its football prediction markets. The first, known as FOOTBALLSPREAD, involves contracts on whether a team will win by a certain margin. The second, FOOTBALLTOTALS, concerns the total number of points scored, either overall or by quarter. The third, FOOTBALLTOUCHDOWN, covers football touchdown outcomes based on players or teams.
Robinhood’s attempt to offer contracts on football games
Meanwhile, Robinhood has previously tried offering similar services but dropped the plans. In February 2025, Robinhood planned to let customers trade on the National Football League’s (NFL) Super Bowl after the US Commodity Futures Trading Commission (CFTC) raised concerns. In the firm’s latest announcement, it has avoided mentions of the NFL or National Collegiate Athletic Association (NCAA), stating that its prediction markets were not sponsored by any sports leagues, teams, or governing bodies.
In a separate development, three federally recognised California tribes—the Blue Lake Rancheria, the Chicken Ranch Rancheria of Me-Wuk Indians, and the Picayune Rancheria of the Chukchansi Indians—filed a federal lawsuit against Kalshi and Robinhood in July. They allege that the companies are offering illegal sports betting disguised as “event contracts”, thereby violating tribal sovereignty and federal law.
