Robinhood is launching event contracts for the upcoming Kansas City vs. Philadelphia championship game through Robinhood Derivatives, LLC
Today, Robinhood Derivatives, LLC (RHD) is launching event contracts for the Pro Football Championship, allowing eligible customers to place trades on the outcome of the upcoming showdown between Kansas City and Philadelphia. Event contracts for the Pro Football Championship are rolling out to all eligible customers starting today.
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. Available in all 50 states through KalshiEX LLC, a regulated exchange, the Pro Football Championship event contract gives eligible customers the power to trade on the outcome of the big game.
Event contracts for the Pro Football Championship leverage the power and rigor of financial market structure to facilitate greater liquidity, transparency, and price discovery.
The Pro Football Championship event contract lets customers trade one of two different event contracts based on their prediction for “who will win” between Kansas City or Philadelphia. To participate, customers must download the latest version of the app, and apply and meet certain criteria to be approved for a RHD account.
Event contracts for the Pro Football Championship follows the launch of the Presidential Election Market last October, which enabled customers to trade event contracts through RHD based on their prediction for “who will win the 2024 presidential election.”
To learn more about the Pro Football Championship contract and event contracts in general visit go.robinhood.com/profootballchampionship and our Help Center.
Disclosures:
Restrictions and eligibility requirements apply. Futures, options on futures and cleared swaps trading involves significant risk and is not appropriate for everyone. Please carefully consider if it’s appropriate for you in light of your personal financial circumstances.
We expect the Pro Football Championship event contracts on Robinhood to be tradeable daily from 8:00 a.m. ET – 3:00 a.m. E.T.
To be eligible, customers must apply and be approved for a Robinhood Derivatives account (or already have an existing Robinhood Derivatives account). Additional trading prohibitions apply for these contracts (please see Appendix B of the trading prohibitions for these contracts).
Read the Event Contracts Risk Disclosure for more information about the risks associated with event contracts.
The Pro Football Championship event contracts are offered by Robinhood Derivatives, LLC through KalshiEX LLC. Robinhood Derivatives, LLC is a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278). As a registered futures commission merchant, Robinhood Derivatives, LLC, does not make markets in any futures or event contracts.
This Event Contract is not endorsed by any professional football league or professional football team that is part of any professional football league, or any other company, agency, or government entity. The use of the term “Pro Football Championship,” and the use of any professional team cities or colors does not indicate an endorsement of this product.
Cautionary Note Regarding Forward-Looking Statements
This blog post contains forward-looking statements, including with respect to the launch of event contracts by RHD, a wholly owned subsidiary of Robinhood Markets, Inc. (together with its consolidated subsidiaries, “we”, “our,” “Robinhood,” or the “Company”), and our strategic and operational plans, including (among others) statements regarding upcoming products; that Robinhood is allowing eligible customers to place trades on the outcome of the upcoming showdown between Kansas City and Philadelphia; that event contracts for the Pro Football Championship are rolling out to all eligible customers starting today; that 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; that, available in all 50 states through KalshiEX LLC, a regulated exchange, the Pro Football Championship event contract gives eligible customers the power to trade on the outcome of the big game; that event contracts for the Pro Football Championship leverage the power and rigor of financial market structure to facilitate greater liquidity, transparency and price discovery; and that the Pro Football Championship event contract gives customers a vested financial interest in the outcome of the game, letting them trade one of two different event contracts based on their prediction for “who will win” between Kansas City or Philadelphia. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “believe,” “may,” “will” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “scheduled,” “contemplate,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Our forward-looking statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause our actual future results, performance, or achievements to differ materially from any future results expressed or implied in this blog post. Factors that contribute to the uncertain nature of our forward-looking statements include, among others: the significant uncertain and evolving federal and state regulatory environment with respect to sports event contracts, including potential adverse litigation and regulatory actions against companies like us who are offering sports event contracts; sports event contracts being the second event contracts and commodity interest product offered by Robinhood; the need to have adequate capacity and infrastructure on our platform with respect to the rollout, offering, and settlement of sports event contracts; the impact of potential negative publicity, including with respect to offering sports event contracts, on our brand and reputation; the need to hold capital and make deposits with respect to event contracts including sports event contracts; our limited operating experience at our current scale; the difficulty of managing our business effectively, including the size of our workforce; the risk that changes in business, economic, or political conditions that impact the global financial markets, or a systemic market event, might harm our business; the difficulty of complying with an extensive, complex, and changing regulatory environment, including with respect to sports event contracts and futures, and the need to adjust our business model in response to new or modified laws and regulations; the possibility of adverse developments in pending litigation and regulatory investigations; the effects of competition; our need to innovate and invest in new products, services, technologies, and geographies in order to attract and retain customers and deepen their engagement with us in order to maintain growth; our reliance on third parties, including KalshiEX LLC with respect to sports event contracts, to perform some key functions and the risk that processing, operational or technological failures could impair the availability or stability of our platforms; and our need as a regulated financial services company to develop and maintain effective compliance and risk management infrastructures and controls, including with respect to event contracts and futures. Because some of these risks and uncertainties cannot be predicted or quantified and some are beyond our control, you should not rely on our forward-looking statements as predictions of future events. More information about potential risks and uncertainties that could affect our business and financial results can be found in Part II, Item 1A of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, as well as in our other filings with the SEC, all of which are available on the SEC’s web site at www.sec.gov. Moreover, we operate in a very competitive and rapidly changing environment; new risks and uncertainties may emerge from time to time, particularly with respect to event contracts and Commodity Interest products offered by Robinhood, and it is not possible for us to predict all risks nor identify all uncertainties. The events and circumstances reflected in our forward-looking statements might not be achieved and actual results could differ materially from those projected in the forward-looking statements. Except as otherwise noted, all forward-looking statements are made as of the date of this blog post, February 3, 2025 and are based on information and estimates available to us at this time. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements. Except as required by law, Robinhood assumes no obligation to update any of the statements in this blog post whether as a result of any new information, future events, changed circumstances, or otherwise. You should read this blog post with the understanding that our actual future results, performance, events, and circumstances might be materially different from what we expect.
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