Kalshi intends to introduce player props and betting lines on various events
Kalshi, a pioneer in event contracts, is making waves in the world of sports betting by attempting to expand its offerings. The company's latest move is aimed at offering products similar to traditional sports betting, such as player props, spreads, and over/unders, for US football events.
This expansion comes amidst a more favourable regulatory environment. The Commodity Futures Trading Commission (CFTC), under the Trump Administration and chair Caroline Pham, has been considered more friendly to event-based contracts than in prior years. The CFTC's lack of action on August 18 could potentially clear the way for Kalshi to launch its new sports event contracts.
As a federally regulated Designated Contract Market (DCM) under the CFTC, Kalshi operates outside the purview of state gambling laws, enabling nationwide access to its trading contracts, even in states like Texas where sports betting is illegal. This designation distinguishes it from unregulated betting sites.
Kalshi's expansion into sports event contracts is not limited to football; it may include other sports in the future. However, it's important to note that the NFL has taken a firm stance against participation in such markets by its players and staff. The league updated its gambling policy in 2025 to explicitly ban NFL personnel from trading on prediction market platforms like Kalshi and Robinhood, treating such activity as equivalent to prohibited sports betting.
In partnership with Robinhood Derivatives, Kalshi's football prediction contracts will be integrated into Robinhood’s stock-trading app. This collaboration aims to increase accessibility and liquidity for retail investors.
Despite these developments, Kalshi faces ongoing legal challenges in some states and opposition from sports leagues like the NFL. However, the company's strategy under new leadership is to deepen integration with crypto-native audiences and expand its market offerings while complying with CFTC rules.
In the long term, Kalshi's potential offering of Same Game Parlays-like products is a future goal, not currently part of its immediate product lineup. The success of Same Game Parlays in the US sportsbook industry may influence Kalshi's future product development strategies.
As a pioneering platform blending traditional finance with crypto innovation, Kalshi represents a contested bridge between federally regulated futures trading and mainstream sports betting markets. The evolving regulatory, legal, and industry dynamics will continue to shape its trajectory.
[1] CoinDesk
[2] Bloomberg
[3] Forbes
[4] Sports Illustrated
[5] NFL Policy
Read also:
- Condor Reveals Q2 Results for 2025 and Secures a $5 Million Bridge Loan
- More than half of British homes adhere to insulation standards established during the 1970s.
- While Éowyn's storm caused a massive €301 million in damages, fossil fuels maintain their position as the leading power source.
- Transition in Energy: Merz Administration Plans Enactment of Heating Revolution from 2026
