Robinhood Promo Code: Up to $200 Bonus in 2025
Popular sportsbook promo code offers
List of social sportsbooks
| 📅 Social sportsbook site | 🤑 Sign-up bonus | 📟 Promo code |
|---|---|---|
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| 🟡 Fliff | Get $100 in Fliff Coins | COVERS100 |
| ⛏️ Betr Picks | $250 Deposit Match | COVERSBONUS |
| 🧃 Novig | Up to $100 Bonus | COVERS100 |
| 🎢 Thrillzz | Get $3 of SC + 3,000 Coins Free | COVERSBONUS |
| 🤝 Kalshi | $10 Bonus | COVERS |
| 🔗 ParlayPlay | $100 Deposit Match | Claim $100 without code |
Robinhood promo code summary for this week
| 💰 Robinhood sign-up bonus | $200 in reward stock |
| ⭐ Top feature | World-class trading platform |
| 💲 Minimum deposit | $1 |
| 🌎 Eligible states | 45 states + DC |
| 📱 Kalshi mobile app | iOS & Android |
| 🕒 Offer expiry | Ongoing |
| ✅ Last verified | April 19, 2025 |
Robinhood promo code terms and conditions
You can secure the current Robinhood promo code welcome offer in minutes, but there are several prominent terms you should know before claiming:
- The Robinhood promo code offer is available to new users in 45 states, plus DC.
- You do not need to input the Robinhood promo code during registration.
- You must verify your identity — to ensure you are of legal betting age — and link your newly created Robinhood account to your banking account to qualify.
- Since this is a no-deposit bonus, Robinhood will instantly issue you a welcome bonus between $5 to $200 in reward stock.
- You must wait three days before selling any reward stick earned. Once you've sold it, you must keep the cash value of the stock in your account for 30 days before withdrawing.
- This Robinhood promo code offer is ongoing.
Best Robinhood bonus offers for new users
Robinhood is a financial trading company that began dipping its toes into the American sports betting industry in October 2024, providing event contracts — betting markets — for the U.S. presidential election. Today, new users in all 50 states, plus DC, can register without a Robinhood promo code and unlock the following welcome bonus:
How to use the promo code on Robinhood
Up to $200 in Reward Stock
No Code Required
Since there is no promo code for Robinhood, you can easily claim the online betting sites' welcome bonus. Simply sign up, and after verifying and linking your new online sportsbook account to your banking institution, you'll receive the Robinhood no-deposit offer. The bonus will be $5, $10, or $200 in reward stock, which you can use to buy and trade event contracts on-site.
Covers Expert AnalysisIs Robinhood legal?
Although Robinhood is not a traditional betting site like FanDuel, DraftKings, or Caesars Sportsbook, the online trading platform is regulated by several U.S. governing bodies — such as the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) — to provide sports betting contracts to bettors in most states who are least 18 years old.
| Alabama | Kansas | Oklahoma |
| Alaska | Kentucky | Oregon |
| Arizona | Louisiana | Pennsylvania |
| Arkansas | Maine | Rhode Island |
| California | Massachusetts | South Carolina |
| Colorado | Michigan | South Dakota |
| Connecticut | Minnesota | Tennessee |
| DC | Mississippi | Texas |
| Delaware | Missouri | Utah |
| Florida | Nebraska | Vermont |
| Georgia | New Hampshire | Virginia |
| Hawaii | New Mexico | Washington |
| Idaho | New York | West Virginia |
| Indiana | North Carolina | Wisconsin |
| Iowa | North Dakota | Wyoming |
How do you claim the Robinhood promo code?
Robinhood offers sports betting via event contracts, allowing you to predict the outcome of a given game in a simple "Yes" or "No" format. Follow the steps outline here to claim your Robinhood promo code bonus today:
Register
You can create an account via the Robinhood sports betting app or on your desktop. Simply select 'Sign Up' and provide personal information, like your date of birth and full name. Remember to link your bank account to your Robinhood profile to qualify for the Robinhood promo code welcome offer.
Deposit funds
You must upload a government-issued ID — driver's license, passport, etc. — to verify your identity. Once confirmed, you will automatically receive the Robinhood no-deposit offer of up to $200 in reward stock.
Start trading
With bonus funds in your account, head to the 'Prediction Market' section to explore the available betting options. Trading hours for both event contracts are from 8 a.m. to 3 a.m. ET daily and have a $0.01 exchange fee per trade.
Withdraw winnings
When you are ready to withdraw, simply navigate to your account — indicated by the 'Person' icon — and select 'Transfers'. You'll hit 'Withdraw' on mobile, while desktop users will select 'Transfer Money'. Then, enter the amount you wish to take out, choose your preferred banking method, and hit 'Transfer' to complete the transaction.
Robinhood review
Up to $200 in Reward Stock
Terms & conditions apply Robinhood is a leading U.S. trading platform for buying and selling traditional stocks in 2025. Sports events and prediction markets are very new and limited on Robinhood, only offering bets on the NCAA March Madness tournaments at this time. However, we believe Robinhood could be a trailblazer in the online sports betting industry, providing bettors in most states a fun, transparent, and unique way to wager on sports. We'd suggest buying stock in the Robinhood sports betting platform today.
Who it's for
Covers Expert Analysis
Covers BetSmart Rating
Player reviews
"Overall the Robinhood platform is pretty good. I like the overall ease of use of the platform and like the fact that I can invest in stocks, ETFs and Crypto."
App Store rating
Google Play rating
Additional Info
Robinhood app review
The Robinhood app is one of the world's best mobile trading platforms in 2025 and is free to download on the App Store and Google Play Store. We love its clean interface, allowing you to browse the sports betting app and seamlessly buy, sell, and trade event contracts. We also appreciate how streamlined the banking process is on mobile, as you can fund or withdraw from your sportsbook app account in a few simple taps.
The public echoes our high praise of the Robinhood app, as over five million iOS users rated the platform a 4.2/5 on the App Store. Android users feel similarly, giving Robinhood a 4.2/5 rating based on over 500,000 reviews.
Robinhood iOS app
Robinhood promo comparison
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 |
 |
 |
|
|---|---|---|---|---|
| Welcome bonus | Up to $200 in Reward Stock | $10 Bonus | Up to 300 in Prophet Cash | 1,000 Novig Coins & five Novig Cash |
| Promo code | No code required | COVERS | COVERS | COVERS1000 |
| Bonus type | No-deposit | Trade and get | Play and get | No deposit offer |
| Bonus form | Up to $200 in reward stock | One (1) $10 bonus | 2% bonus back on every play for 30 days | 1,000 Novig Coins & five Novig Cash |
| Payout speed | Within 24 hours | Within 24 hours | Within 24 hours | Within 24 hours |
| Min. deposit | $1 | $1 | $10 | $5 |
| Covers BetSmart Bonus Rating | ⭐ 3/5 | ⭐ 4.2/5 | ⭐ 4/5 | ⭐ 4.6/5 |
What markets can you trade on Robinhood?
Since Robinhood is the new kid on the sports trading block, you can only access event contracts for the men's and women's 2025 March Madness NCAA tournament at this time. We hope that Robinhood expands its market coverage to offer bets on more basketball (NBA), football (NFL), baseball (MLB), hockey (NHL), F1, tennis, soccer, golf, and additional top sporting events.
Robinhood initially emerged for the 2024 U.S. presidential election, becoming one of the few available political betting sites for the event. We hope the online trading platform offers the same markets for the upcoming 45th Canadian federal election, which takes place on April 28, 2025.
Robinhood live event trading
Robinhood's single-event contracts for March Madness are open until the game ends, allowing you to buy, sell, or trade with other users until the final buzzer. While it's not as comprehensive as traditional online sportsbook live betting, Robinhood still allows you to capitalize on a lucrative opportunity or minimize your losses depending on how the game unfolds.
Robinhood profitable trading strategies
Due to Robinhood's unique approach to online sports betting, we've outlined a few tips to help you get the most out of your trade:
Analyze data 📈
Analyze line movement, player stats, and other data points to identify market inefficiencies to guide your trades.
Diversify your trades 👥
Whether buying stock or sports event contracts, putting all your eggs in one basket is never a good idea. Spread your money around different markets to avoid significant losses.
Stick to budget 💰
The best way to minimize losses is to stick to a pre-made budget and never invest more than you are willing to lose. We'd suggest buying in early on a contract, as each starts at just $0.50, instead of buying late when the price could be over $0.90 per contract.
Be cautious of the consensus 👀
It’s essential to avoid groupthink when using Robinhood or any other trading platform. Conduct your own research before buying into popular contracts.
Avoid emotional trading 🧘
It's important to trade with your head at Robinhood, not your heart or gut. Blindly backing a position on a contract based on an emotional hunch can lead to trouble.
Robinhood promo code for existing customers
Besides its generous no-deposit bonus, which does not require a promo code for Robinhood to claim, the online trading platform also offers a lucrative sportsbook referral bonus that is an expanded version of its welcome bonus.
- Send your unique Robinhood referral link, found in the 'Earn Stock' or 'Rewards' section, to your interested, eligible friend.
- You get $5 to $200 in reward stock per referral and can receive up to $1,500 in yearly bonuses from this promo.
- You must wait three days before selling any reward stick earned. Once you've sold it, you must keep the cash value of the stock in your account for 30 days before withdrawing.
- This Robinhood referral bonus offer resets annually.
Covers Expert AnalysisRobinhood trading odds and fees
Unlike traditional online sportsbooks, users like you determine the value of a single-event contract, not Robinhood. For example, let’s say the Duke Blue Devils meet the Florida Gators in the 2025 March Madness NCAA National Championship game. If more users buy Duke contracts, the value of the contract will go up for future buyers, while Florida’s price will deflate.
The market price for both teams in a given game starts at $0.50, representing an even moneyline you'd find on regular online betting sites, incentivizing you to buy early to get the best value on a favorite. However, the markets are open until the end of the game, allowing you to buy and sell contracts during the match the same way you would live bet on sports. Robinhood's platform incorporates small trading fees of $0.01, which is far better than the house edge that traditional online sportsbooks typically charge.
Robinhood customer service
We are hard-pressed to think of an online sportsbook with a more well-rounded and supportive customer service department than Robinhood's in 2025. Not only can you reach a knowledge agent 24/7 via live chat, but it also has a dedicated phone line that connects you to speak to a real person. Robinhood provides an extensive help center filled with a wide range of FAQs covering any minor query.
- Live chat: Available 24/7
- Email: support@robinhood.com
- Phone: 650-761-7789, available 7 a.m. to 9 p.m. ET Monday-Friday
- Support language(s): English
- X (Twitter): @AskRobinhood
Robinhood payment methods
Robinhood doesn't offer many of the top deposit and withdrawal options that you can find at traditional sportsbooks. Besides bank transfers, you can also create a Robinhood Crypto wallet to add and withdraw funds via Bitcoin (BTC) and Ethereum (ETH). This helps make up for missing popular providers such as Visa, Mastercard, PayPal and Play+.
| Method | Deposit | Withdrawal |
|---|---|---|
| Visa | ✅ | ❌ |
| Mastercard | ✅ | ❌ |
| Bank transfer | ✅ | ✅ |
| Ethereum (ETH) | ✅ | ✅ |
| Bitcoin (BTC) | ✅ | ✅ |
Best Robinhood promos by category
Although Robinhood doesn't provide any offers besides its current referral bonus of up to $200 in reward stock, you can still use those earned funds on the following top Robinhood trading categories:
Sports and Entertainment 🏀
Sports event contracts for the 2025 March Madness tournaments are Robinhood's newest markets in 2025. You can buy and sell predictions for a single-game event throughout each round of the NCAA men's and women's tournaments or make futures bets on who'll win the championship.
Political Events 🗳️
The 2024 US Presidential Election was the first event Robinhood offered prediction contracts for. Robinhood did not provide any special promos for the race between Donald Trump and Kamala Harris. However, after its popularity, the online trading operator may expand its offerings for future political events.
Economic Indicators 💲
Exchange platforms like Polymarket and Kalshi offer prediction contracts for inflation reports, GDP forecasts, and other economic indicators. Robinhood doesn’t provide these markets yet, but they will surely be one of the next significant trades offered in the coming months.
Robinhood Rewards and VIP perks
Robinhood offers a rewards program — Robinhood Gold — in 2025, which costs a $5 monthly or $50 annual subscription fee to join. We don't believe it has much value to sports bettors but could interest serious traders who utilize other aspects of the online platform with benefits such as:
- 4% APY — Annual Percentage Yield — on your uninvested brokerage cash.
- Significant instant deposit increases.
- Level II market data from Nasdaq.
- Interest-free on the first $1,000 of margin borrowed.
- Reduced fees on accounts managed by Robinhood Strategies.
How does Robinhood compare to stock and crypto trading?
Robinhood allows you to buy and sell cryptocurrencies, but it is definitely a more traditional stock trading platform than a crypto exchange. You cannot invest in stocks with crypto. However, you can freely buy and sell over 15 cryptocurrencies in 2025, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
Event trading is separate from both Robinhood’s crypto and traditional financial markets, as you can purchase March Madness event contracts with real money and receive your winnings instantly when the event ends.
Robinhood trading limits and liquidity
Robinhood starts the trading price per contract at $1, but since users drive the price, it can fluctuate based on the public's expected outcome for a given March Madness matchup. Robinhood limits you to 50,000 contracts per event, and you cannot simultaneously hold 'Yes' and 'No' contracts for the same game.
Recent Robinhood updates
Read below to get the latest news surrounding Robinhood in 2025:
March 17, 2025: After discussions with the federal government, Robinhood resumes its sports prediction markets for the 2025 March Madness tournament via a partnership with Kalshi.
Feb. 13, 2025: Robinhood strives for “regulatory clarity” on event contracts, including those involving sports.
Feb. 4, 2025: After pushback from the US Commodity Futures Trading Commission, Robinhood is cancelling its Super Bowl LIX prediction markets.
Feb. 3, 2025: Robinhood launches a new sports predictions market Super Bowl 59.
Dec. 5, 2024: Robinhood's CEO reveals that the company is contemplating expanding into sports betting through event contracts.
Oct. 29, 2024: Robinhood announces its first-ever event contract markets for the upcoming 2024 U.S. presidential election.
More predictive market sign-up bonuses
Although Robinhood operates in a niche lane in the U.S. sports betting industry, it does have its competitors. We've briefly outlined their current welcome bonuses below:
- Kalshi: Offers a $10 bonus when registering with the Kalshi promo code 'COVERS'.
- Polymarket: Offers referral program perks for inviting friends and rewards for users who contribute to liquidity.
- PredictIt: Offers a $20 bonus with a $20 deposit for new users.
Robinhood promo code FAQs
There is no Robinhood promo code required to claim the trading platform's current no-deposit welcome bonus of up to $200 in reward stock.
Since there is no promo code for Robinhood sports, just sign up and link your bank account to your profile to receive the bonus.
No-deposit welcome bonuses like Robinhood's have very few terms and conditions attached. After receiving the bonus, you must wait three days before you can sell your free stock. Additionally, you must wait 30 days to withdraw any proceeds earned from your free stock.
Robinhood is legal and available to bettors in all 45 states, plus DC.
Yes! Robinhood has a referral promo that allows you to earn up to $1,500 in reward stock every year by sharing your Robinhood invite link with friends. The Robinhood Gold premium membership also unlocks exclusive perks, but they are more for long-term traders.
The 2025 NCAA March Madness tournament is the only event to bet on at Robinhood. You can bet on the winners and losers of every game all tournament long, as well as the outright winner of the entire tournament.
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