Robinhood has ceased offering Super Bowl contracts just 24 hours after announcing a partnership with Kalshi.

The decision comes at the request of the US Commodity Futures Trading Commission (CFTC).

From the Robinhood press release:

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’ve also taken steps to advocate for balanced regulation in the futures and derivatives markets, including participating directly in a CFTC roundtable, providing written feedback to the CFTC, and generally championing the economic benefits of event contracts.
From Reuters:

Representatives for Kalshi did not immediately respond to a Reuters request for comment.
The products would have allowed the company to tap into the betting mania around one of the most ic
onic sporting events in the country, as Robinhood looks to expand into segments that are gaining traction with retail investors.

"The CFTC has serious concerns about FCMs offering access to their customers to any contract that may not be permissible under the law and will exercise its oversight authority to the fullest extent as appropriate," a CFTC spokesperson said in an emailed statement to Reuters.
Read more here: https://www.reuters.com/business/fin...ts-2025-02-04/