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Kalshi Files for New Sports Event Trading Contracts After Super Bowl

Robert Linnehan

By Robert Linnehan in Sports Betting News

Published:


NFL: Super Bowl LIX-Caesars Superdome
Feb 10, 2025; New Orleans, LA, USA; A general overall view of the Caesars Superdome illuminated in green after the Philadelphia Eagles victory over the Kansas City Chiefs in Super Bowl LIX. Mandatory Credit: Kirby Lee-Imagn Images
  • Kalshi has filed for new sports event trading contracts with the Commodity Futures Trading Commission
  • The company filed for certain sports prop event contracts with the commission
  • This comes days after it also filed for single game event contracts

One day after it successfully offered its and closed its first Super Bowl event trading contracts, Kalshi has filed for new sports event trading contracts with the Commodity Futures Trading Commission.

On Monday, Kalshi notified the Commodity Futures Trading Commission (CFTC) that it is self-certifying the “Will <achievement> be obtained by <participant> ? contract (Contract).”

This will likely allow Kalshi to offer contracts on a wide range of prop-like sports events.

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New Event Contracts Not Yet Available

According to its filing with the CFTC, the new contracts will work similarly to Kalshi’s sports event contracts. Kalshi customers can purchase contracts for anywhere from $0.01 and at most $0.99. For each correct contract the customers hold, they will receive $1 in return. Losing contracts obviously return nothing.

The new event contracts refers to a given sports achievement that can be obtained by more than one participant and will include a specified year. The example Kalshi provides in its filings is “Team(s) making the 2025 National Basketball Association playoffs.”

The contracts do not refer to the winner of a single game.

The new contracts are not yet being offered by Kalshi. The company has also yet to offer single-game event contracts, though it did file for those events with the CFTC on Friday, Feb. 7, as Dustin Gouker recently reported in The Closing Line.

The company filed to self-certify “Will <team> win <event>” contracts last week. It used the example “The National Basketball Association meeting between the New York Knickerbockers and the Houston Rockets scheduled to be played February 3, 2025” in its filing with the CFTC.

Super Bowl Event Contracts in the Millions

At close of its Super Bowl event contract trading, Kalshi reported more than $27 million in total volume of contracts.

While licensed sportsbook operators dominated handle during the Super Bowl, Kalshi’s successful entry into the market will likely raise some eyebrows in the more traditional markets.

The CFTC requested Kalshi pull its Super Bowl contracts from the market, which the company ignored.

It launched an aggressive marketing campaign leading up to the Super Bowl, which shows that it will continue to focus on the sports event trading markets as it moves forward.

As it stands today, Kalshi is offering a number of different sports event trading contracts, including the NBA Champion (Celtics and Thunder) and NCAA Men’s College Basketball champion (Duke and Auburn).

Robert Linnehan
Robert Linnehan

Regulatory Writer and Editor

Rob covers all regulatory developments in online gambling. He specializes in US sports betting news along with casino regulation news as one of the most trusted sources in the country.

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