Introducing the Pro Football Championship
Available in all 50 states on a regulated exchange
How to trade the outcome
of the big game
Who will win the big game this year? Event contracts let you turn team support into financial trades. Prices are based on your teams odds of winning* and payouts happen the day after the game. Download the latest version of Robinhood to get in on the game.
FAQs
Event contracts are a type of forecast contract that the Commodity Futures Trading Commission (CFTC) classifies as
swaps. Their value depends on whether a specific event happens by a certain time. These contracts are based on a
simple "Yes" or "No" answer to a question about the event, known as the event question.
There are 2 event questions for The Pro Football Championship:
- 1. Will Philadelphia (PHI) win the Pro Football Championship on Feb 9, 2025?
- 2. Will Kansas City (KC) win the Pro Football Championship on Feb 9, 2025?
You can buy the Yes contract for either of these event contracts. You can only own the Yes contract for one. Each contract that you own will payout $1 if that contract resolves to Yes. It will payout $0 if not.
Read the full contract terms and conditions.
You can only own the Yes contract for one team at a time.
Each contract represents an approximate probability between $0.01 and $0.99, with each cent effectively representing a 1% probability that the event will occur in that market. For example, if a contract is priced at 53 cents, this can be interpreted as a 53% probability that it will occur according to that market.
This allows participants to assign an expected probability to the outcome and take advantage of any perceived undervaluation.
Those numbers represent open interest. That’s the number of open contracts people are holding for that Yes contract.
The payout, or settlement, is $1 or $0 per contract owned depending on the outcome of the event.
Robinhood charges a $0.01 commission per contract, per side. The exchange that executes your orders may charge a fee as well. See our Fee Schedule for more details.
An immediate-or-cancel (IOC) order is an order to buy or sell that must be executed immediately. Any part of an IOC order that can't be filled will be canceled.
Robinhood may report payments to the appropriate tax authorities as required using the applicable tax forms, such as Form 1099, or any other relevant tax document. As a reminder, Robinhood doesn’t provide tax advice. For specific questions, we recommend consulting a tax professional.
Restrictions and eligibility requirements apply. Futures, options on futures and cleared swaps trading involves significant risk and is not appropriate for everyone. Please carefully consider if it's appropriate for you in light of your personal financial circumstances. Displayed prices are based on real-time market sentiment.
Read the Event Contracts Risk Disclosure for more information about the risks associated with event contracts.
The Pro Football Championship event contracts are offered by Robinhood Derivatives, LLC (RHD) through KalshiEX LLC. RHD accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured.
This Event Contract is not endorsed by any professional football league or professional football team that is part of any professional football league, or any other company, agency, or government entity. The use of the term "Pro Football Championship," and the use of any professional team cities or colors does not indicate an endorsement of this product.
Futures, options on futures and cleared swaps trading is offered by Robinhood Derivatives, LLC, a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA).
