Robinhood halts Super Bowl betting contracts after CFTC request
The halt comes just a day after Robinhood launched the product. 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. Commodity Futures Trading Commission.
Robinhood reversed course just a day after introducing events contracts that would have allowed investors to trade based on ...
The rise of prediction markets and their event contracts is creating a legal and regulatory tangle that may not be easy to sort out.
Robinhood Markets will soon expand its trading offerings with the launch of futures trading for the crypto, stocks, and forex ...
Daniel Martin Gallagher Jr., the Chief Legal Officer of Robinhood Markets Inc. (NASDAQ:HOOD), has sold 25,000 shares of the company's Class A common stock. The shares were sold at a weighted-average ...
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