Robinhood Expands Prediction Markets with Custom Combos for NFL Betting
- Robinhood introduces “Custom Combos” for prediction markets in the U.S., focusing on professional football.
- These contracts, regulated by the Commodity Futures Trading Commission, allow up to ten predictions per wager.
- Kalshi facilitates these wagers using Requests For Quotes (RFQs), offering users the best available price from market makers.
- Robinhood’s prediction markets are its fastest-growing product line by revenue, driven by sports betting trends.
- Kalshi generated $1.8 billion in trading volume from sports markets, accounting for a significant portion of its activity.
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