Robinhood has suspended the rollout of its Super Bowl event contracts after a request from the US Commodities and Futures Trading Commission.
Robinhood reversed course just a day after introducing events contracts that would have allowed investors to trade based on ...
The ironic thing about Robinhood’s foray into sports betting is that retail investors have long been stigmatized as ...
The halt comes just a day after Robinhood launched the product. Robinhood said on Tuesday it is rolling back the event ...
While Kalshi is regulated by the CFTC, the prediction market is not able to list contracts that include gaming, a vague area that has led to disputes and likely ended the Robinhood launch, as reported ...
Raymond James analyst Patrick O’Shaughnessy initiated coverage of Robinhood (HOOD) with a Market Perform rating and no price target Robinhood ...
Robinhood has suspended trading of event contracts on the outcome of this weekend's "Pro Football Championship," just a day after announcing the promotion.
The platform with nearly 25 million customers provided the option to purchase contracts on who would win the “Pro Football ...
Robinhood said on Tuesday it had suspended trading in Super Bowl betting contracts after the brokerage received a request ...
Robinhood Markets Inc. said it received a formal request from the Commodity Futures Trading Commission to suspend its offerings for traders to place bets on the outcomes of the Feb. 9 Super Bowl ...
Robinhood said 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 ...
On Monday, Robinhood said it would launch event contracts for Super Bowl LIX, allowing customers to place trades on who will ...