Over the past decade, Robinhood changed the way people invest by making stock trading commission-free and accessible to everyone. Now, the company is getting ready to step into a new market: sports event trading. Think of it as a stock market for sports predictions, where you buy and sell contracts based on real-world events.
The launch of this venture isn’t quite here yet, but it shouldn’t be much longer before the time comes. As we wait, we’ve compiled all of the key information on how it will work—and how you can claim a Robinhood sign-up bonus by opening a new account. Here’s everything we know so far.
Details of the Robinhood Signup Bonus
Robinhood is expected to offer a welcome bonus for new users when its sports event trading platform goes live. While the exact details aren’t available yet, here’s a preview of what you might see:
| ⭐ Robinhood Promo Code | TBD |
| 💰 Robinhood Sign Up Bonus | TBD |
| 🏈 Robinhood Event Contract Sports Launch | TBD |
| 📍 Legal Availability | All 50 states, the US Virgin Islands, Puerto Rico, and the District of Columbia. |
| 📝 Terms | 18+. Full terms and conditions will apply. |
| 📱 Robinhood App | iOS & Android |
| 📅 Last Verified | March 2025 |
If you don’t want to wait for Robinhood to offer sports trading, get started now with the help of the Kalshi signup bonus.
Getting Started With Robinhood
Getting started with Robinhood is a straightforward process that can be completed in just a few minutes. To open a Robinhood account, users must be at least 18 years old and have a valid Social Security number or Individual Taxpayer Identification Number (ITIN). They must also have a U.S. address and a bank account or debit card to link to their Robinhood account.
To sign up, users can download the Robinhood app or visit the company’s website. They’ll need to provide some basic information, such as their name, email address, and password.
Once they have created an account, users can link their bank account or debit card and transfer funds to their Robinhood account.
P.S: Robinhood offers a ton of account types, including individual brokerage accounts, retirement accounts (such as IRAs and Roth IRAs), and custodial accounts for minors.
How Robinhood’s Sports Event Trading Will Work
Let’s get this out of the way—this won’t your typical sportsbook. Robinhood’s sports event trading will function like a prediction market, where users can buy and sell contracts based on game outcomes. If you’ve ever used Polymarket or Kalshi, you’ll get the idea.
Here’s an example:
- Let’s say you buy a contract predicting that the Kansas City Chiefs will win Super Bowl LIX for $0.75.
- If they win, you get $1.00 per contract – your original investment plus a $0.25 profit.
- If they lose, you get nothing.
So, instead of placing bets, you’re trading shares in potential outcomes – just like buying stock in a company.
Which Sports Could Be Included?
Robinhood’s first attempt to launch sports trading was ahead of the Super Bowl, so football is likely to be a major focus. However, after the Super Bowl, there won’t be another meaningful game until September. Other potential markets could include:
- March Madness (NCAA basketball)
- NBA Playoffs & Finals
- Major League Baseball (MLB) games
- UFC fights
- Formula 1 races
If the rollout happens in time, Robinhood’s sports trading platform could be live by the time these events take place.
How to Sign Up for Robinhood & Claim Your Bonus
The sign-up process for Robinhood is a simple and intuitive one, even if you don’t have much experience with platforms like this one. Let’s talk through the process of launching your brokerage account.
- Go to the Robinhood website and hit the Sign-Up button.
- Enter your personal details (name, address, Social Security number, and date of birth).
- Link a payment method such as a bank account or debit card.
- Check eligibility for a sign-up bonus (when there is one).
- Download the Robinhood app.
- Start trading stocks or sports event contracts when they go live!
Robinhood’s Partnership with Kalshi for Sports Predictions
Robinhood initially teamed up with Kalshi, a government-regulated prediction market, to launch Super Bowl sports event trading. But the plug has been pulled for now.
The plan was scrapped at the last minute, but it’s a sign of things to come.
Whether Robinhood sticks with Kalshi or goes in a different direction, the prediction market model is likely to be a big part of this expansion.
Pros & Cons of Robinhood’s Sports Trading Platform
While we’re not entirely sure what the sports event markets from Robinhood will look like, as the offering hasn’t launched yet, let’s talk about some positives and negatives we can expect knowing what we do about the platform overall.
| ✅ Pros | ❌ Cons |
|---|---|
| Early access to a new type of trading | No prior experience in sports markets |
| Established reputation in stock trading | Potential regulatory challenges |
| Easy-to-use mobile platform | Uncertain launch timeline |
| Has cryptocurrency services |
Another major pro is that Robinhood sports trading will likely be available in all 50 states—the top DFS apps and traditional sportsbooks can’t say the same due to state-by-state regulations.
Robinhood’s Evolution: From Stocks to Sports Trading
Robinhood might be brand new in the sports prediction field, but the company has been around for more than a decade as a financial asset trading platform. As suggested by the name, inspired by the mythical hero who took wealth from the rich and distributed it to the needy, trading of fractional shares and a commission-free policy are the central features that made this platform a trailblazer in the field.
Robinhood Financial LLC, a registered broker-dealer and subsidiary of Robinhood Markets, Inc., provides brokerage and cryptocurrency services, setting it apart from competing financial institutions. Plus, Robinhood Gold LLC offers subscription offering services with premium features!
Here’s how the company got here:
- 2013 – Robinhood is founded.
- 2015 – Mobile app launches.
- 2018 – Commission-free crypto trading introduced.
- 2020 – Robinhood gains massive market share.
- 2021 – Acquires Say Technologies and Cove Markets (crypto trading tech), giving stockholders a platform to hold management accountable.
- 2022 – Major layoffs hit the company’s workers.
- 2023 – Acquires Chartr, a financial newsletter publisher.
- 2024 – Acquires Marex FXM to help the company break into futures contract trading
- 2024 – Begins offering U.S. election prediction contracts.
- 2025 – Tries to launch Super Bowl LIX sports trading with Kalshi (project canceled).
Now, Robinhood is looking to bring its trading model to the sports world, which is a natural step given its history.
If legal in your state, the Sleeper Fantasy promo code could be a good alternative until Robinhood rolls out its sports contracts.
Robinhood Bonuses: Free Stock & Referral Rewards
- Sign-up bonuses – Free stock worth $5–$200 for new users.
- Referral rewards – Invite friends and earn free stock.
- Deposit & transfer bonuses – Extra incentives for large deposits or portfolio transfers.
These programs change frequently when it comes to the exact terms, so be sure to keep checking back and always check what’s available when getting started or playing with this platform.
For more info on exchange bonuses, see our review of the Crypto.com referral code.
Robinhood Gold: Exclusive Features and Benefits
Robinhood Gold is a premium subscription service that offers exclusive features and benefits to users. For a monthly fee of $5, users can access a ton of perks, including:
- Increased buying power: Robinhood Gold users can access up to 2x their account balance in buying power, allowing them to make larger trades and investments.
- Professional research: Robinhood Gold users can access professional research reports and analysis from top firms like Morningstar and Nasdaq.
- Priority customer support: Robinhood Gold users get priority access to customer support, including phone and email support.
- Extended trading hours: Robinhood Gold users can trade during extended hours, including pre-market and after-hours trading.
- Reimbursement of fees: Robinhood Gold users can get reimbursed for fees associated with certain types of trades, such as options and cryptocurrency trades.
Robinhood’s Banking & Payment Options
Right now, Robinhood supports bank accounts, debit & credit cards, and Apple Pay & digital wallets. Robinhood’s brokerage cash sweep program allows uninvested cash to earn interest through placements in several banks. However, when sports event trading launches, these payment options should stay the same.
If you want to start trading on sports now, you can use the social exchange platform Manifold. See our guide on the Manifold Markets promo code for more details.
Responsible Trading & Gambling Awareness
Even though Robinhood isn’t a traditional sports betting site, it’s always important to remember the principles of responsible gambling nonetheless. Smart trading means:
- Setting limits and sticking to them.
- Avoiding emotional trading (don’t chase losses).
- Seeking help if trading starts feeling out of control.
If you ever feel that you or someone you know is struggling with a gambling problem, you can contact 1-800-GAMBLER at any time.
For online resources, check out GamTalk.org.
And if an in-person setting is best for you, think about looking for a Gamblers Anonymous meeting.
Final Thoughts: Is Robinhood the Next Big Thing?
Unfortunately, the Robinhood sports event contracts market isn’t up and running just yet, but it shouldn’t be long before these predictions are available through the brand. The company has built up a strong reputation as a stock trading platform and is well-poised to provide a great product when it comes to sports predictions.
Even though Robinhood and Kalshi couldn’t fully launch their partnership in time for the Super Bowl, it’s a good sign that they should be up and running before too long. If you’re interested in betting on sports without traditional sportsbooks, keep an eye on Robinhood. When the sign-up bonus is officially announced, we’ll make sure you have the details!
In the meantime, consider claiming the Underdog promo code (if it’s legal in your state, of course).
FAQs: Robinhood Sign-Up Bonus & Sports Trading
We hope that you’ve learned lots about getting started with making predictions on Robinhood from the sections above. However, if there’s anything you’re still wondering, read on as we’ve compiled a list of some of the most frequently asked questions on the matter.
Does Robinhood have a sign-up bonus?
Yes, Robinhood typically offers a sign-up bonus for new users in the form of free stock, ranging from $5 to $200.
How do I qualify for the sign-up bonus?
You need to open a Robinhood account, sign up, link your bank account, and deposit funds. Once your Robinhood account is set up and funded, you may be eligible for promotional offers and bonuses.
Can I trade sports predictions on Robinhood?
Not yet. The platform’s first attempt at Super Bowl sports trading was canceled, but a full launch may come soon.
What sports will be available?
While no official list exists yet, expect major sports like football, basketball, and baseball.
Is Robinhood legit?
Yes, Robinhood is a regulated financial platform overseen by the Securities and and Exchange Commission (SEC) and FINRA.
Do I have to pay fees or taxes on Robinhood?
Robinhood doesn’t charge trading fees, but some transaction fees apply for high-volume trades. Additionally, capital gains tax applies to profits. Always consult a tax advisor to get advice specific to your situation.
