Robinhood is increasing its prediction markets to incorporate skilled and faculty soccer, opening buying and selling on outcomes of America’s most-followed sport forward of the brand new season.
Soccer Contracts Go Stay on Robinhood
Robinhood Derivatives, LLC confirmed Tuesday that clients can now entry contracts tied to all skilled regular-season video games and matchups involving Energy 4 faculty packages and independents.
“Soccer is much and away the preferred sport in America,” commented JB Mackenzie, VP & GM of Futures and Worldwide at Robinhood. “Including professional and faculty soccer to our prediction markets hub is a no brainer for us as we purpose to make Robinhood a one-stop store for all of your investing and buying and selling wants.”
The contracts can be accessible within the Robinhood app’s Prediction Markets Hub, with preliminary listings reportedly protecting the primary two weeks of the season. Further video games can be added weekly because the season progresses.
Occasion Contracts vs. Betting
Since launching prediction markets in late 2023, Robinhood has reported greater than two billion contracts traded. The corporate already affords markets tied to cryptocurrencies, financial indicators, cultural occasions, and different sports activities.
The soccer rollout is a part of a wider effort to broaden Robinhood’s prediction hub, which is operated via its derivatives unit and provided by way of a CFTC-regulated alternate in the USA.
Count on ongoing updates as this story evolves.
