Kalshi and Robinhood have partnered again to offer sports contracts, this time ahead of the NCAA men's and women's basketball tournaments.
The renewed partnership was announced by both sides on Monday (17 March). Robinhood will launch a standalone prediction market hub in its app, made possible through Kalshi. According to Front Office Sports, Robinhood had just under 25 million users as of last November.
The first markets will be on the NCAA men’s and women’s basketball tournaments, which begin on Tuesday (18 March) and Wednesday (19 March), respectively. There will also be contracts listed for whether the Federal Reserve will change the federal funds rate at its May meeting.
Last month, the exchanges partnered to offer Super Bowl contracts, but Robinhood quickly backed out following pushback from the Commodity Futures Trading Commission (CFTC). Kalshi and Crypto.com, another entrant into the prediction space, kept their Super Bowl contracts active before and during the..