Robinhood said on Tuesday it had suspended trading in Super Bowl betting contracts after the brokerage received a request from the U.S. Commodity Futures Trading Commission. "We are heeding their directive to cease offering these contracts despite the fact that the CFTC has not deemed Kalshi's football championship contracts illegal,

The platform with nearly 25 million customers provided the option to purchase contracts on who would win the “Pro Football Championship.”

On Monday, Robinhood said it would launch event contracts for Super Bowl LIX, allowing customers to place trades on who will win the big game: the Kansas City Chiefs or the Philadelphia Eagles. The event contracts began trading on Monday. Robinhood said it would now suspend the rollout of the events contracts.