- 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.
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).
Kalshi, a popular online trading platform, is seeking approval for new sports event trading contracts following the success of their Super Bowl offerings. The platform, which allows users to bet on the outcome of various events using real money, has seen a surge in popularity in recent years as more and more people turn to online trading as a way to make money.
The Super Bowl, one of the biggest sporting events in the United States, was a huge success for Kalshi as users flocked to the platform to place bets on everything from the final score to the color of the Gatorade dumped on the winning coach. Now, Kalshi is looking to expand their offerings to include more sports events, such as the upcoming NBA playoffs and the Olympics.
In order to do this, Kalshi must seek approval from regulatory bodies to ensure that their new contracts comply with all relevant laws and regulations. This process can be lengthy and complex, but Kalshi is confident that they will be able to secure approval in time for the upcoming events.
Once approved, users will be able to place bets on a wide range of sports events, giving them even more opportunities to make money through online trading. This could be especially appealing to sports fans who enjoy watching games and want to add an extra element of excitement to their viewing experience.
Overall, Kalshi’s expansion into new sports event trading contracts is an exciting development for both the platform and its users. With the success of their Super Bowl offerings as a strong foundation, Kalshi is poised to become a major player in the online trading world.
