Buying power and funding for event contracts
Event contract buying power works differently from buying power for your brokerage account or crypto account.
Event contract buying power is separate from your brokerage account and crypto account. You can't manually transfer buying power between these accounts, buying power is swept between the accounts automatically.
You can confirm your event contract buying power on the event contract order ticket.
Instant Deposits may not be available for event contracts.
Instant Deposits let you use ACH transfer funds before they clear in most contexts, but this feature isn't always available for event contracts. In those instances, only fully settled cash can be used to buy event contracts. If Instant Deposits were available for event contracts in a previous transaction, that doesn't guarantee they'll be available in future transactions.
If Instant Deposits aren’t available, standard bank transfers are generally available within 1 to 5 business days, depending on the transfer. Alternatively, you can deposit funds through debit card funding or by wire transfer.
To avoid issues, use settled cash for event contract trades. Don't rely on pending deposits. If you need buying power for an upcoming event, fund your account at least 1 to 5 business days in advance.
We won’t increase or decrease your buying power based on the gains or losses of the event contract while you hold a position.
We’ll credit your account after you close your position or receive a payout. Note that while the funds will be available to trade additional event contracts, your brokerage buying power may not update until the funds are transferred from your Robinhood Derivatives account to your Robinhood Financial account. This process typically occurs the next business day after the event settles, except when US banks are closed.
Several situations can reduce your available event contract buying power:
Event contract proceeds generally settle 1 day after the event ends. After an event ends, winning contract proceeds move automatically to your event contract buying power by the next business day. From there, you can transfer funds to your brokerage account and initiate a withdrawal. Allow additional time for the withdrawal transfer to process.
If an event began on Thursday, settled on Friday, the next business day is Monday when the funds can be withdrawn.
Your displayed cash balance and your event contract buying power may differ for several reasons:
Restrictions and eligibility requirements apply. Futures, options on futures, and cleared swaps trading involves significant risk and is not appropriate for everyone. Carefully consider if it's appropriate for you in light of your personal financial circumstances. Displayed prices are based on real-time market sentiment.
Read the Event Contracts Risk Disclosure for more information about the risks associated with event contracts.
Futures, options on futures and cleared swaps trading is offered by Robinhood Derivatives, LLC, a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA). Event contracts are offered by Robinhood Derivatives, LLC through either KalshiEX LLC, ForecastEX, LLC or Rothera Exchange and Clearing LLC.