Robinhood Expands Sports Betting Features Ahead of NFL Playoffs

Robinhood Markets is enhancing its sports event contract offerings by introducing new sports wagering features. Users will now be able to bet on specific football statistics, such as the number of touchdowns a player scores and their receiving and rushing yards.

Key Takeaways

Robinhood is launching new sports wagering capabilities just before the NFL playoffs.
New features include "preset combos" for combining bets and player contracts for tracking individual performances.
The platform aims to enhance user experience with advanced trading options.
There has been substantial activity in Robinhood's prediction markets since their launch in 2024, with over 11 billion contracts traded.
Updates to the brokerage platform also include improvements to Robinhood's AI investment assistant.

This expansion signifies Robinhood's commitment to staying competitive in the rapidly evolving sports betting landscape, catering specifically to the growing interest among users.

Robinhood sports betting

According to a report by Reuters, the online brokerage has rolled out an array of updates to its sports-centric prediction markets just in time for the NFL playoffs, which are set to kick off in January 2026.

Introducing ‘Preset Combos’ for Enhanced Betting Options

Robinhood's recent announcement revealed that customers can now trade what they refer to as “preset combos” for individual professional football games. These combos consist of multiple event contracts and will only pay out if all events in the combination are resolved accurately.

JB Mackenzie, Robinhood's VP and General Manager of Futures and International, explained to CNBC that these combos function similarly to parlay bets in traditional gambling.

“We’re aiming to create new customer experiences that simplify the betting process and, in some instances, offer more advanced order types and trading features that cater to user demands,” Mackenzie stated.

New Player Contracts: Track and Trade Pro Performances

In addition, Robinhood has introduced player contracts that allow users to monitor and trade based on the performances of individual professional football players. The company indicated that player contracts for other sports will be available soon. “These tools provide traders with greater accuracy, control, and accessibility to the events they are most passionate about,” Robinhood remarked.

Since the launch of their prediction markets in 2024, Robinhood's event contracts have surged in popularity, having recorded over 11 billion contracts traded by more than 1 million customers across the country.

Adam Hickerson, Senior Director of Futures at Robinhood, mentioned to Reuters that while there are many competitors in the market, being early to launch has allowed them to refine their product effectively.

Sports contracts have shown to be especially popular. Research from the Pew Research Center indicates that 22% of adults in the U.S. reported placing monetary bets on sports within the previous year.

Additionally, on Tuesday, Robinhood introduced new features to its brokerage platform, including upgrades to Robinhood Cortex, their AI-powered investment assistant.