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Gambling News - 'Robinhood'
Legal
April 1, 2025
Ohio Slaps Kalshi, Robinhood, and Crypto.com with Cease-and-Desist Orders
Some days after Michigan, New Jersey, and Nevada ordered Kalshi and Robinhood to cease and desist, Ohio followed suit, issuing similar orders to several event-based futures contracts platforms. While Kalshi and Robinhood challenged the orders in other states, the regulatory action in the Buckeye State shows mounting pressure against betting alternatives such as prediction markets. […]
Industry
March 28, 2025
Kalshi and Robinhood, Slapped with Cease and Desist Orders in NJ
At the beginning of the month, prediction market Kalshi was ordered to cease and desist in Nevada and leave the state by March 14 for allegedly providing event-based contracts that resembled sports wagers without the proper license. Roughly two weeks later, the Nevada Gaming Control Board extended the term, enabling the New York-based company to […]

Industry
March 25, 2025
Massachusetts Financial Watchdog Launches Probe into Robinhood
The Massachusetts Secretary of State, Bill Galvin, has confirmed on Monday that the Bay State has launched an investigation into Robinhood and the platform’s newly-launched prediction markets, which have already generated significant interest and trading handle. Massachusetts on the Offensive Against Robinhood’s NCAA Prediction Markets With $249 million generated in trading volume in the first […]

Industry
March 25, 2025
Kalshi Reports $249M in Prediction Markets in First Rounds of March Madness
March Madness, one of the most heavily bet sporting events of the year, is expected to generate $3.1 billion in legal wagers through traditional sportsbooks, according to the American Gaming Association (AGA). In comparison, Kalshi’s futures contracts, which have now hit $249 million, represent roughly 8% of that total, highlighting the growing interest in alternative […]

Business
March 18, 2025
Robinhood Unveils Prediction Markets Hub in Time for March Madness
Trading platform Robinhood is seeking to capitalize on the March Madness hype with markets for this year’s edition of the tournament. Customers can expect to find offerings involving their favorite basketball teams and players. The offerings are notably a part of Robinhood’s new prediction markets hub located in the trading platform’s app. The March Madness […]

Sports
February 5, 2025
Robinhood Halts Super Bowl Event Contracts After CFTC Request
The futures commission merchant registered with the Commodity Futures Trading Commission (CFTC), Robinhood, announced its plans to discontinue its offering on event contracts for the upcoming Super Bowl. The announcement comes after earlier this week, the platform confirmed an agreement with Kalshi to offer event trading on the upcoming Super Bowl LIX, effectively enabling trading […]
Sports
February 4, 2025
Robinhood Teams Up with Kalshi for Super Bowl Event Trading
Robinhood has revealed a new team-up with Kalshi, a regulated prediction market. This partnership lets users trade event contracts for Super Bowl LIX. As a result, Robinhood account holders can now trade on the outcome of the championship game between the Kansas City Chiefs and the Philadelphia Eagles. Robinhood and Kalshi Introduce Event Trading as […]
Business
December 5, 2024
Robinhood Eyes Entry into Sports Betting Market
Robinhood Markets, the brokerage that has shaken up traditional trading platforms, is looking to jump into the sports betting sector. CEO Vlad Tenev revealed this information during the company’s first investor day hinting that the firm sees big cultural and customer worth in this field. Though Robinhood has not said it will do this, Tenev’s […]
Industry
November 21, 2024
Robinhood Eyes UK Expansion Despite Regulatory Challenges
Robinhood, the US-based trading app known for its commission-free trading model, is doubling down on its ambitions to dominate the UK market despite facing a challenging regulatory landscape. As part of his vision to make the firm a global leader in traditional finance and cryptocurrency trading, CEO Vlad Tenev was confident that the UK could […]
Sports
October 29, 2024
Robinhood Launches Election Betting Prediction Markets
Robinhood, which made waves for launching cryptocurrency investment options during the pandemic, is once again on the offensive with the app now featuring prediction markets for the upcoming US presidential election, which features former President Donald Trump and Vice President Kamala Harris competing for the White House. Robinhood wants you to back an outcome – […]