Robinhood is rolling out NFL parlay and prop bets on prediction markets platform
CNBC••business
Key Points:
- Robinhood is enhancing its prediction markets by allowing users to place parlay bets on multiple NFL games, with plans to enable custom combos of up to 10 outcomes starting in early 2026, directly competing with traditional sportsbooks.
- The platform is also introducing real-time prop bets on individual NFL player performances, such as touchdowns and yardage, aiming to create advanced trading experiences and meet growing customer demand.
- Robinhood envisions expanding parlay betting beyond sports to include combinations across various event categories, including economic data and policy events, reflecting its broader prediction markets strategy.
- Since launching prediction markets before the 2024 presidential election, Robinhood has grown the business to $100 million in annualized revenue with over 1 million customers, on track
