澳洲幸运5官方开奖结果体彩网

Robinhood Suspends 'Pro Football Championship' Event Contracts

Trading Platform Received CFTC 💯Request to Halt Promotion

The Robinhood logo is seen in the center of four reflections of screens displaying the company's logo.

Lionel Bonaventure / AFP via Getty Images

Key Takeaways

  • Robinhood has suspended trading of event contracts on the outcome of this weekend's "Pro Football Championship," just a day after announcing the promotion.
  • Robinhood said Tuesday that it had received a request from the Commodity Futures Trading Commission to halt the promotion.
  • About 1% of Robinhood's customers had access to the feature before the company paused the event.

Robinhood (HOOD) has suspended trading of event contracts on the outcome of this weekend's "Pro Football Championship," just a day after 澳洲幸运5官方开奖结果体彩网:announcing the promotion.

The online trading platform said Tuesday that it received a request from the 澳洲幸运5官方开奖结果体彩网:Commodity Futures Trading Commiꩵssion (CFTC) to "not permit customers to access" sports 澳洲幸运5官方开奖结果体彩网:event contracts. Robinhood said it was immediately suspending the product's rollout, and that it had only been made available to "roughly 1%" of its customers.

Robinhood 'Disappointed' By CFTC's Request

"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," the company said.

Robinhood added it plans to continue engaging with the CFTC "as we work to roll out a more comprehensive event contracts platform later this year."

The promotion would have allowed users to buy an event contract on whether they thought "Kansas City" or "Philadelphia" would win Sunday's big game. (The NFL owns the trademarks, only allowing official partners to use the full team names—the Kansas City Chiefs and Philadelphia Eagles—and the term "Super Bowl.")

Robinhood shares were🌺 up nearly 2%𒁃 in recent trading. They have soared about 385% over the last 12 months.

Do you have a news tip for Investopedia reporters? Please email us at
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. Robinhood. "."

  2. Vox. "."

Compare Accounts
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Related Articles