Following the addition of NFL and NCAA football contracts in August, Robinhood Markets Inc. is set to launch over 100 new event contracts that encompass sports, politics, and business as part of its ongoing strategy to enhance user engagement on its trading platform.
Robinhood announced that the new contracts will become available in the upcoming weeks, spanning various categories including sports, politics, economics, business, and culture.
“In the next few weeks and months, the firm will introduce more than 100 new contracts across sports, politics, economics, business, culture, and beyond,” a representative from Robinhood stated. “New contracts will be released weekly and updates will be provided through @RobinhoodApp on X.”
The timing of these announcements aligns with the commencement of the NBA season and the World Series. Contracts will cover every NBA game and future betting markets including conference champions. Users will also have the opportunity to wager on whether the Toronto Blue Jays or the Los Angeles Dodgers will emerge victorious in the World Series, as well as on the results of individual Games 1 and 2.
Available political contracts include topics related to US President Donald Trump, such as possible pardons, tariff-related outcomes, and his approval rating on January 1. Additionally, Robinhood has introduced contracts for New York and presidential election outcomes.
On the platform, contracts can be traded daily between 8 a.m. and 3 a.m. ET. The company’s expansion into event contracts comes after its initial sports market rollout in August, which included contracts for NFL games and college football, covering Power 4 conferences as well as independent teams.
“Football dominates as the most beloved sport in America,” remarked JB Mackenzie, VP & GM of futures and international, at the time. “Incorporating professional and college football into our prediction markets hub is an obvious choice as we strive to position Robinhood as a comprehensive destination for all your investment and trading requirements.”
The expanding array of event contracts places Robinhood in competition with well-established prediction platforms like Polymarket, which reports annual trading volumes in the tens of billions of dollars.
Concurrently, the company is facing ongoing legal challenges concerning its prediction markets. In August, Robinhood initiated legal action against gaming regulators in Nevada and New Jersey as it launched its football contracts, asserting that the framework of the Commodity Exchange Act for futures and swaps “overrides state betting regulations when contracts are listed on a federally regulated platform like Kalshi.”
Having gained widespread attention during the GameStop short squeeze in 2021, Robinhood has been broadening its product offerings beyond conventional equities and options. This continuous expansion of event-based contracts underscores the company’s aim to integrate trading opportunities connected to real-world events within its platform.