Robinhood Launches NFL, College Football Prediction Markets Nationwide

Robinhood Derivatives, LLC is launching professional and college football prediction markets within its app ahead of the 2025 NFL and NCAA seasons, allowing users to trade contracts on all NFL regular-season games and college matchups involving Power 4 conferences and independents. Unlike traditional sportsbooks, these prediction contracts have prices determined by consumer demand rather than house-set odds, with contracts tradable daily from 8 a.m. to 3 a.m. ET. The company aims to grow its prediction markets hub, which already includes crypto, economic, and cultural events, and reported over $2 billion in transactions since late 2023. Robinhood's move follows legal challenges against state gaming regulators in Nevada and New Jersey, where the company sued state officials to prevent enforcement actions against its sports-related event contracts, citing federal preemption under commodity futures laws. Despite the NFL and NCAA not endorsing these markets, Robinhood emphasizes football's popularity and its goal to become a comprehensive platform for trading and investing. This expansion builds on Robinhood's partnership with Kalshi, a CFTC-regulated exchange technology provider that supports these event contracts.