Robinhood Promo Code for Sports Trading February 2025

by Chris Altman (Caltman) Last Updated 2025-02-21T20:40:44

At the retail investing platform Robinhood’s inaugural investment day in early December 2024, CEO Vlad Tenev announced that the company is considering an expansion into sports betting. With the company’s stock rising more than 3% on the heels of the news, Tenev elaborated that the move could be done thanks to sports trading via event contracts.

Today, we are going to dive into the details of everything you need to know about the Robinhood sports betting-like product. You’ll learn what events contracts are, potential Robinhood sports markets, the history of Robinhood, Robinhood promo code info, and much more.

Details of the Robinhood Promo Code

There is no Robinhood promo code at this time, but stay tuned! If/when they enter the sports trading market, we’ll likely get a code to share with you.

How to Use a Robinhood Promo Code

Here’s how you’ll be able to use the Robinhood promo code to sign up for sports trading via this platform:

1. Sign up for a Robinhood account using one of the pending links on this page.
2. In the the Robinhood app or on the website, enter the given promo code during registration.
3. Click “Apply” to activate the promo code on your account.
4. Once applied, you can immediately start enjoying the benefits associated with the promo code.

It’s important to read the terms and conditions of each promo code to fully understand the benefits and any restrictions that may apply.

By taking advantage of Robinhood promotions, users will be able to save money on trading fees, earn free stocks, and enjoy other valuable benefits. The promo may apply to the existing stock market options or cryptocurrencies, but more likely, they can capitalize on event contracts that let them participate in sports trading.

The process for claiming the welcome bonus at Robinhood should be similar to claiming the Underdog promo code.

What Are Robinhood Sports Event Contracts?

Sports event contracts are not new, but Robinhood could help bring them to the mainstream.

At their core, event contracts allow users to make “Yes” or “No” predictions about upcoming events, essentially buying stocks in that decision.

Unlike sports betting, sports trading lets you back either “Yes, or “No” instead of just “Yes.” Every prediction earns a dollar increment payout, so if you bout 50 contracts on “Yes” for a team to win, you will make 50x the profit of the amount you risked.

Another difference is that sports trading markets are dictated by its users and the assets within an event, meaning someone has to take the opposite side of the “Yes” or “No” contract to make the market liquid. Users can review all the available markets, many of which are started by other people and made available for trading.

While event contracts are relatively new for sports wagers, trading of event contracts is not new. Secure event trading became popular during the 2024 election, where US bettors placed a record amount of money ($1 million+) on other platforms, including Polymarket and Kalshi.

Another likely benefit of using the Robinhood sports trading product is you will be able to use both fiat currencies and crypto trading to purchase them. I imagine that Robinhood will provide the service at cost using their commission-free stocks model, even before any coupon code offerings.

Robinhood has the chance to take the sports events contract industry to the next level, letting users use their accounts to make Robinhood sports trades. With Robinhood already a go-to for investing beginners, providing helpful resources to customers on everything from crypto trading to recurring investments, sports event contracts are poised to grow even more popular.

Robinhood Sports Markets

Based on what their competitors Kalshi and Polymarket have done, we can make some assumptions about what Robinhood will offer regarding sports market availability.

While daily game markets are not yet provided via sports events contracts, new users can expect to have NFL and NBA futures available to trade on at scale (and maybe even college futures).

So, you can anticipate trading on events such as the Super Bowl or NBA finals. Both teams will have a “Yes” or “No” contracts, with the price depending on which side is favored.

From the first market rolled out, you should regularly check back to Robinhood to ensure you see the latest and greatest sports markets available.

If you want to get in on the action now, the PrizePicks promo code is a good alternative.

Other Prediction Markets at Robinhood

We’re most excited at the idea of sports trading at Robinhood. But there’s a good chance that the investing app will expand to include contracts on other prediction markets.

Participants may be able to buy (and sell) shares related to a wide range of event outcomes, such as who will win a Presidential Election or other news events.

Because of the speculative nature of prediction markets, contracts’ prices fluctuate based on various events, including public information, market sentiment, and participant actions.

Because the federal government, via the Commodity Futures Trading Commission (CFTC), has approved prediction markets into law, platforms such as Robinhood can provide event contracts with no hidden fees.

While there would still be regulatory considerations for Robinhood to gain entry into the market, its status as a retail investing and crypto platform would put it on the fast track. Add in their user-friendly mobile app, popular promotions, and safe security measures, and Robinhood could bring prediction markets to the masses on day one.

Other Popular Sports Event Contract Sites

As of early 2025, Robinhood would be competing with two popular sports event contract sites on day one. Each offers event contract trading, with fractional shares available for purchase when a new account is created and funded.

Let’s take a closer look at each below:

• Crypto.com: The crypto trading giant Crypto.com ventured into the sports event contract industry late last year, offering prediction-based markets for investors to use. Once logged onto the site or app, you can use their native token (COR) and stablecoins to trade on sports.
• Kalshi: Recently approved for use in nearly every state, Kalshi offers event contracts for politics, sports, cultural events, and more. Like Robinhood, Kalshi is a user-friendly site and app that can be used with either fiat currencies or crypto to purchase contracts, similar to purchasing stocks.

While an originator in the space but not legal in the US, Polymarket is a decentralized prediction market that uses the crypto Polygon blockchain to trade on real-world events, including sports.

For an alternative focused on social sports trading, see the Manifold promo code.

Integration With Kalshi

On February 3, 2025, Kalshi announced a partnership with Robinhood to offer money-line odds to pick the winner of Super Bowl LIX (59) between Kansas City and Philadelphia.

Following their free trade model, Robinhood and Kalshi maintain that this feature is secure and uses “event trading” and not “sports betting” to transact money on the game. The press release notes that exchanges like the one offered via Kalshi on Robinhood do not take fees (“vig”) as traditional sportsbooks do.

Unfortunately, the CFTC made a formal request for Robinhood to withhold any sports trading around the NFL Championship. Although this is disappointing, Robinhood is still hopeful that they’ll be able to make a splash in the sports industry with other big events in the near future.

The Pros and Cons of Robinhood’s Sports Event Markets

Despite the Robinhood sports event market not yet being launched, we can make some assumptions about the pros and cons that will be involved. Let’s take a closer look at both:

Robinhood Pros

• Robinhood promotions have become a mainstay, and users can expect some form of promo code focused on their sports event markets.
• Robinhood support is amongst the best in class regarding free stock trading platforms.
• Users can fund your account with either crypto or fiat currencies.
• You can use profits from your investments, including stocks, in the sports event markets.

I especially appreciate the use of crypto at Robinhood, as DFS sites like Sleeper Fantasy only deal in fiat currency.

Robinhood Cons

• While mainstream crypto coins such as Bitcoin and Ethereum are available at Robinhood, some smaller “altcoins” are not yet available for trading.
• In the early days of Robinhood, you will likely only be able to buy event contracts in small amounts.

History of Robinhood

Robinhood was launched in 2013 by Baiju Bhatt and Vlad Tenev, with the primary goal being to “democratize finance.” After launching a mobile app in 2015, the company took off, becoming the first to offer commission-free trades and bringing brokerage trading to the common man.

With its apps exploding in popularity on the Google Play and Apple App Store, Robinhood instantly brought the ability to invest to younger, tech-comfortable customers.

Through free investing, beginners can make their first stock purchases within minutes of adding money to their account. With recurring promotions, tips on investing, and free stock resources, the innovation has only grown at Robinhood as they remain a staple in the new world of investing.

Robinhood Bonuses

To attract new users, Robinhood offers bonuses and promo codes that incentivize new accounts. Users can invite friends to Robinhood, earning promotions for both parties.

Every once in a while, Robinhood also offers banking bonuses, where users can earn Robinhood Cash for setting up direct deposits, available on the date the money clears.

While some Robinhood bonuses require a promo code, others are available directly from your wallet. Whether the bonuses come as a cash reward or shares of a stock, they are all declined to incentivize action within their accounts.

If you’re eager to claim bonuses now, check out our guide on the best sports betting promos.

Robinhood Banking Options

Robinhood offers several banking options to fund your account, all of which we can expect for sports events contracts. To fund your stock account, users can link external bank accounts, and use debit/credit cards, PayPal, direct deposit options, and even crypto.

Before you make your first deposit, check for a Robinhood promo code, which will be listed on this page, as you might qualify for free stocks or other rewards. Additionally, you can transfer small amounts to diversify your investments or transfer stocks to access bonuses and promotions.

Responsible Sports Trading at Robinhood

With the move into the sports events contracts space, Robinhood will provide sports trading and responsible gambling resources. Following traditional online sportsbooks, Robinhood Sports might offer risk management tools such as deposit limits, gambling awareness hotlines, self-exclusion lists, and more.

If you decide to use a Robinhood code on your first deposit, ensure you are aware of any terms and conditions around sports trading and acting responsibly with the site.

A safer option might be Manifold Markets, as it operates exclusively via a for-fun currency.

Final Thoughts on Robinhood Sports Event Contracts

With the announcement from Robinhood regarding sports event contracts, you can rest assured more news is just around the corner. Using their user-friendly brokerage tool as a starting point, you can expect the new product to be easy to use, free for all users, and come with very little in fees compared to their sports betting counterparts.

If you decide to use promo codes, the best Robinhood promo code available will be listed on this page. While there are certainly still regulatory loopholes to jump through, Robinhood will surely be a major player in the sports event contracts space from the minute their product goes live.

If you can’t wait for Robinhood Sports, opt for the best DFS apps instead.

FAQs About the Robinhood Promo Code

With the pending Robinhood promo code, there are a few frequently asked questions about Robinhood and its upcoming sports market. Let’s take a closer look at some of those answers.

What is the Robinhood promo code?

The Robinhood promo code is a special offer that provides users with various benefits, such as free stocks or cash bonuses, when they sign up. Stay tuned for the code.

How do I use the Robinhood promo code?

To use the Robinhood promo code, simply enter the code during the sign-up process or when prompted in the app. The benefits will be automatically applied to your account.

Is the Robinhood promo code available for existing users?

The Robinhood promo code is typically available for new users. However, existing users can often benefit from referral programs that offer similar rewards.

What are the safety features of the Robinhood platform?

Robinhood prioritizes the safety of investments with robust security features. The platform includes identity verification processes and overall security measures to protect user data. Opinions on the reliability of the Robinhood crypto wallet vary, with some users expressing concerns based on their experiences.

Does Robinhood have a promo code?

Robinhood does not routinely offer promo codes but offers some promotional bonuses, including free stock and Robinhood cash, to new users. When you invite friends via referral links, you can also earn rewards. The sports product has no active Robinhood code, as it has not yet launched.

Can I trade sports on the Robinhood app?

Robinhood does not offer sports betting but may soon enter the sports prediction market.

Is Robinhood safe?

Yes, Robinhood is safe and secure, as it is a regulated brokerage firm and a member of the SIPC. Customers are protected up to $500,000 per account, and they use security features such as two-factor authentication to protect their accounts.