The Commodity Futures Trading Commission (CFTC) has formally requested that Robinhood Derivatives, LLC (RHD) “not permit customers to access” sports event contracts. While we continue to work with the CFTC to understand their concerns, we are suspending the rollout of the Pro Football Championship market. We have rolled this product out to roughly 1% of our customers, and for those who already placed trades, we plan on providing the option to close their positions or take them to resolution. We are disappointed by this outcome, especially given that we had been in regular communication with the CFTC about our intent and plans to offer this product. We will continue to collaborate with the CFTC as we work to roll out a more comprehensive event contracts platform later this year.

Our next announcement, a short story: 1. You log in to your brokerage 2. You buy things you actually know: like culture, sports, or politics Kalshi got approved to launch our prediction markets on brokers, next to your stocks, crypto, and 401k. Magic coming soon ✨ ✨