Robinhood Rolls Out Sports Wagering Capabilities – Just in Time for NFL Playoffs
Robinhood Markets is increasing its sports activities occasion contracts to incorporate extra sports activities wagering capabilities. The platform lets customers wager on exact soccer stats, together with the variety of touchdowns a participant could make, receiving and speeding yards for a participant.
The on-line brokerage unveiled a listing of updates to its sports-focused prediction markets enterprise, Reuters reported. The rollout comes simply in time for the NFL playoffs, scheduled in January 2026.
Robinhood Launches Enhanced ‘Preset Combos’
According to Robinhood’s official announcement, clients can commerce what it calls “preset combos” for particular person skilled soccer video games. These mix a number of occasion contracts and solely pay out if every occasion throughout the mixture resolves appropriately.
These combos resemble parlay bets in conventional playing, JB Mackenzie, VP and normal supervisor of futures and worldwide at Robinhood, instructed CNBC.
“We’re making an attempt to construct new buyer experiences that make it simpler and, in some circumstances, present them extra superior order varieties and buying and selling capabilities to satisfy the wants that they’re asking us for,” Mackenzie stated.
New Player Contracts Let Customers Track, Trade Individual Pro Player
Besides, Robinhood has introduced participant contracts, which let customers observe and commerce particular person professional soccer participant performances.
Player contracts for different sports activities are forthcoming, Robinhood famous. “These instruments give merchants better precision, management, and entry to the occasions they care about most,” the corporate added.
Event contracts have exploded in popularity for the reason that U.S. presidential election. Since its launch in 2024, Robinhood’s prediction markets has reported 11 billion contracts traded by greater than 1 million clients.
“There are a plethora of rivals. But with us being early to market, we’ve been in a position to fine-tune our product,” stated Adam Hickerson, senior director of futures at Robinhood, instructed Reuters.
The hottest contracts have been in sports activities. According to the Pew Research Center, 22% of adults in the US stated they’ve personally guess cash on sports activities in the previous yr.
On Tuesday, Robinhood additionally introduced new options for its brokerage platform, together with updates to Robinhood Cortex, its AI-powered investing assistant.
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