Robinhood introduces Custom Combos, replacing parlays with fixed-odds sports contracts

Robinhood has launched a new custom sports betting offering called “Custom Combos,” which allows multiple selections to be added to a single fixed-odds contract.

The terminology of the custom contract is a noticeable move away from the traditional term “parlay” as the predictions provider makes an effort to distance itself from the sports betting staple.

Robinhood launches Custom Combos

As we reported, Robinhood snapped up 90% of MIAX Derivatives Exchange to grow its prediction market offering and to include more diversity into sports contracts.

This seems like the perfect dovetail into the new Custom Contracts, which allow multiple picks across a series of sporting events.

The company posted the news to X, saying, “Stack your picks with Pro Football combos. Multi-leg contracts are here. Combine multiple predictions—winner, totals, and player performance into one custom contract.”

Stack your picks with Pro Football combos.

Multi-leg contracts are here.
Combine multiple predictions—winner, totals, and player performance into one custom contract. https://t.co/ekr1S4I4jN pic.twitter.com/pVIbcvWA4z

— Robinhood (@RobinhoodApp) January 16, 2026

The new feature will be coming to contracts in professional football, where statistics for the company show it is the busiest and liquidity is highest, but Robinhood has hinted that the format could expand to additional sports and event categories over time.

Robinhood facing sporting shutdown in Nevada

Despite launching the new feature, Robinhood has been feeling the strain of regulatory pressure in some states, such as Nevada.

As ReadWrite reported, the brand was instructed and has agreed to “cease offering new sports-related event contracts” in the Sin City state, according to legal commentator Daniel Wallach.

NEW: Robinhood agrees to "cease offering new sports-related event contracts in Nevada" for the duration of any appellate proceedings (unless it secures an injunction pending appeal), and will work to unwind open contracts, per Joint Notice filed with the State of Nevada. pic.twitter.com/1XXmye3obx

— Daniel Wallach (@WALLACHLEGAL) November 27, 2025

Robinhood had filed a last-gasp injunction against the action brought by the Nevada Gaming Control Board (NGCB), but it was denied by the presiding Judge Andrew Gordon.

“In light of Judge Gordon’s ruling, the Board and Robinhood have reached an agreement in principle under which Robinhood has agreed to cease offering new sports event contracts in the State of Nevada, pending further proceedings,” said the NGCB.

Judge Gordon has been something of a prediction market grim reaper having ruled that Crypto.com and Kalshi should agree to cease trading in Nevada.

Featured Image: Robinhood on X

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