Feb 4 (Reuters) - 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," said Lucas Moskowitz,

Robinhood's general counsel.

The trading platform had launched the event contracts on

Monday to let U.S. customers wager on the outcome of the Super

Bowl clash, seeking to tap into the betting mania around one of

the most iconic sporting events in the country.

The company said it had rolled out the product to 1% of its

customers and those who already placed the trades will get the

option to close their positions or take them to resolution.

Event derivatives trading involves buying and selling

contracts that let traders speculate on the outcomes of specific

events, including elections, economic data releases and policy

decisions.

These products have enjoyed a warm reception, despite being

relatively new and widely seen as high-risk, especially after a

U.S. court struck down the CFTC's efforts to block KalshiEX's

election betting contracts.