Over the past decade, Robinhood changed the way people invest by making stock trading commission-free and accessible to everyone. Now, the company is stepping 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 is a long-time coming, and I’m personally stocked to be able to trade on sports and other investments in the same app. Here’s all the key info 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 who use its sports event trading platform at some point. 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 a new-user promo, 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 isn’t your typical sportsbook. Robinhood’s sports event trading functions 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 Are Available?
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 NFL game until September.
March Madness for NCAA basketball will definitely be offered, with other potential markets including:
- NBA Playoffs & Finals
- Major League Baseball (MLB) games
- UFC fights
- Formula 1 races
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.
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.
The plan was scrapped at the last minute, but it announced a successful comeback in March 2025.
Pros & Cons of Robinhood’s Sports Trading Platform
Let’s talk about some positives and negatives we can expect regarding Robinhood’s sports trading platform and more general predictions market at large:
 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. These payment options should stay the same in regard to the sports prediction market.
If you want to start trading on sports on a non-real money app, 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?
Robinhood 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 and more general trading at large.
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. As of March 2025, sports trading was announced to come to the Robinhood app. You must have an existing Robinhood Derivatives account or make a new one to participate. We’ll keep you posted on launch details.
What sports will be available to trade on Robinhood?
March Madness is the big one now, but expect the NFL, NBA, NHL, and other major leagues to join the ranks.
Is Robinhood legit?
Yes, Robinhood is a regulated financial platform overseen by the Securities 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.
