Trading Platform Kalshi Accepting Super Bowl Contracts 

Kalshi made waves last year with its election betting trading platform despite the objections of the U.S. Commodity Futures Trading Commission and has entered the sports betting realm with Super Bowl contracts available on the Eagles vs. Chiefs Super Sunday clash on February 9th.

Trading on the Super Bowl

Kalshi is not just for election betting anymore after announcing it was offering Super Bowl betting contracts. The company has filed with the U.S. Commodity Futures Trading Commission (CFTC) to also “self-certify” contracts that could cover a range of sporting events and outcomes, which would include player props such as Super Bowl MVP.

The “Will <achievement> be held by <participant>?” contract was scheduled to be listed on Thursday and “relating to American sports leagues.”

More specifically, Participant “refers to a group, an entity, individuals, or individual participating in a sport,” the terms and conditions state. Achievement, meanwhile, “refers to a given sports achievement and will include a specified year and/or other distinguishing information, e.g., ‘The 2025 winner of the French Open Men’s Singles Championship.’”

Contracts can range anywhere from 1 cent to 99 cents, and if they are held to their conclusion and have a successful outcome, $1 will be paid on every contract. The prices are dynamic, and holders of those contracts can sell at any time at the prevailing cost of the contract, while buyers can buy in at any time at the prevailing price until the contract is fulfilled.

One of the benefits of trading sports betting contracts as opposed to betting with a sportsbook is that the vig (commission) is usually lower, as it is a peer-to-peer model and not a peer-to-house model like that of sportsbooks.

And big bettors are more than welcome, according to a post on X by Kalshi CEO Tarek Mansour:

$1,000,000
That’s reportedly the largest SB bet placed this year (by
@stoolpresidente?)
I’m surprised by how small this is (we had much bigger election trades)
If you’re looking to place a trade of this size, or larger, DM me.
Can trade in all 50 states with Kalshi

Donald Jr. Joins Kalshi

With the completion of the CFTC changing with the new political regime, it is thought that the regulatory body will be more welcoming to trading platforms like Kalshi. President Trump’s eldest son, Donald Trump Jr., posted on X that he has joined Kalshi as a strategic advisor.

On Election night at Mar-a-Lago, while biased outlets called the race a coin toss, my family and close friends used the prediction market @Kalshi to know we won hours ahead of the fake news media.

I immediately knew I had to contribute to their mission. Today, I am proud to announce that I am joining Kalshi as a strategic advisor.

The Kalshi team has worked hard, sued the Biden administration, and achieved the impossible feat of becoming the first legal prediction market in the US. I’m excited to be a part of what they’re building.

Kalshi is not the only prediction market spreading its wings into mainstream events. Crypto.com and Robinhood have also delved into the alternate markets, and all will likely continue to expand their footprint in those arenas should the legal challenges continue to favor them.