Robinhood

Responsible GamblingLegal & Regulatory+ 2 more

PHAI files class action lawsuit against Kalshi and Robinhood in Massachusetts

Within PHAI’s lawsuit, the Institute alleges Kalshi and Robinhood’s prediction markets are a “pretext designed to disguise" unlicensed sports betting as federally regulated "financial trading."

1 min read • Apr 23 • By Kirk Geller

Legal & RegulatoryOnline+ 1 more

Robinhood outlines caution around contentious prediction markets

The US financial services operator has excluded a handful of prediction markets following manipulation worries.

2 min read • Apr 13 • By Will Underwood

Legal & RegulatoryiGaming+ 2 more

Utah: How sports betting’s undefined path is affecting the US regulatory balance

Following new gambling revisions introduced in Utah, the state of sports betting has become relatively unclear for regulators, especially as prediction markets and prop bets continue to expand.

7 min read • Jan 28 • By Kirk Geller

AppointmentsPersonnel+ 1 more

Two ex-congressmen to lead the Coalition for Prediction Markets

A Kalshi spokesperson has confirmed the appointments of Sean Maloney and Patrick McHenry to the helm of the recently formed trade association.

3 min read • Jan 13 • By Rory Calland

Legal & RegulatoryOnline+ 2 more

Robinhood Massachusetts case reopened after judge grants reconsideration motion

A federal judge has agreed to reopen Robinhood’s legal challenge against Massachusetts regulators, allowing the company to amend its complaint after securing a second regulated exchange partner for its sports-related event contracts.

3 min read • Jan 9 • By Shaan Khan