Yesterday, prediction market platform Kalshi and brokerage firm Robinhood received more bad news. The New Jersey Division of Gaming Enforcement (NJDGE) sent cease-and-desist letters accusing the pair of offering “unauthorized sports wagering” in violation of state law.Kalshi’s latest legal complianc
Massachusetts regulators are investigating Robinhood after the company launched a new feature that let users bet on March Madness basketball outcomes. The state’s securities division issued a subpoena asking how many people used this feature and why it launched despite previous regulatory warnings.R
Massachusetts’ top securities regulator has begun an investigation into trading platform Robinhood’s decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments.Massachusetts Secretary of State Bill
Robinhood Unveils Prediction Markets Hub in Time for March MadnessTrading 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 off
Robinhoodsaid on Tuesday it is rolling back the event contracts that would let users bet on the result of the Super Bowl clash this weekend, after the online brokerage received a request from the U.S. Commodity Futures Trading Commission.The halt comes justa day after the launchof the product. Robin
PIN-UP Global has updated the list of countries where the brand and its products are banned from use.The decision is taken: “Given the political, economic and reputational risks, PIN-UP Global will focus its business activities on the most favorable regulated markets for further expansion.”PIN-UP ha
2025 is fast approaching, and several states in the USA have already started legislating and proposed bills supporting the launch of online gaming.The legal online gambling in Brazil attracted the most attention in the news stream of 2024, and how the licensed market will navigate its initial phase
Robinhood CEO Vlad Tenev said that the brokerage firm is considering expanding into the sports betting market. “We’re keenly looking into that space. Nothing to announce just yet, but it’s so important to our customers and in culture that we’re excited about it,” Tenev said at Robinhood’s inaugural
The sometimes overlapping worlds of investing and wagering were abuzz on Wednesday after the chief executive officer of Robinhood Markets Inc. said the trading platform operator is considering stick-and-ball sports betting.“A lot of our customers, who index on Millennial and Gen Z, are interested in
Robinhood Eyes Entry into Sports Betting MarketRobinhood 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 cultura
Robinhood CEO Vlad Tenev said Wednesday that the brokerage firm is considering expanding into sports betting in some way.“We’re keenly looking into that space. Nothing to announce just yet, but it’s so important to our customers and in culture that we’re excited about it,” Tenev said at Robinhood’s
Texas voters elected Republican Adam Hinojosa to the state Senate in a potential blow to the state’s casino gambling and sports betting legalization prospects.Hinojosa’s election means 20 GOP senators will take office in next year’s legislative session compared to 11 Democrats. The increased Republi
As a significant advancement in the retail investment sector, Robinhood offers users a new way to participate in the upcoming U.S. presidential election.Robinhood's platform will allow U.S. citizens to speculate on the potential outcomes of the election by purchasing derivatives contracts focused on
Betting on election outcomes is now legal in the U.S., and as easy as wagering for a sports team to win. But experts warn against mistaking betting markets for polls.A handful of companies, including Kalshi and Interactive Brokers, have been allowing users to tap their way to wagering on Donald Trum
Upstart broker Robinhood is jumping into the prediction betting game, announcing on Monday that users can begin trading the 2024 presidential election that is eight days away.Users can trade a Kamala Harris or Donald Trump contract starting Monday, said the company, as long as they meet certain crit
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