Robinhood is shaking things up by offering event contracts for the upcoming Super Bowl between Kansas City and Philadelphia. Starting today, eligible users can trade on who they think will win the big game. This move aligns with Robinhood’s mission to democratize finance, blending interests in markets, news, sports, and entertainment.
- Event contracts: These contracts let users predict the Super Bowl winner, choosing between Kansas City or Philadelphia. Each contract reflects the market’s view of the game’s outcome. For example, a contract priced at 53 cents suggests a 53% chance of that team winning.
- Availability: The Super Bowl event contracts are accessible to eligible users in all 50 states through KalshiEX LLC, a regulated exchange. To participate, users need to download the latest version of the Robinhood app and apply for a Robinhood Derivatives account.
- Trading hours: Users can trade these contracts daily from 8:00 a.m. ET to 3:00 a.m. ET, providing flexibility to make predictions as game day approaches.
- Previous offerings: This launch follows Robinhood’s introduction of event contracts for the 2024 presidential election, where users could trade based on their predictions for the election outcome. The success of that initiative has paved the way for expanding event contracts into sports.
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