Robinhood Hits the Brakes on Sports Event Contracts Following CFTC Request
Robinhood reversed course just a day after introducing events contracts that would have allowed investors to trade based on the outcome of the Super Bowl.
Robinhood halts rollout of Super Bowl betting contracts after CFTC request
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.
Robinhood Receives US CFTC Request to Roll Back Super Bowl Prediction Contracts
(Reuters) - Robinhood said on Tuesday it had received a formal request from the U.S. Commodity Futures Trading Commission to roll back its Super Bowl betting contracts product. The trading platform had launched the event contracts on Monday to let U.S. customers wager on the outcome of the Super Bowl clash.
Robinhood Suspends 'Pro Football Championship' Event Contracts
Robinhood has suspended trading of event contracts on the outcome of this weekend's "Pro Football Championship," just a day after announcing the promotion.
Robinhood Says CFTC Asked It to Halt Super Bowl Wagers
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 game.
Robinhood suspends Football Championship market after CFTC request
The Commodity Futures Trading Commission has formally requested that Robinhood (HOOD) Derivatives “not permit customers to access” sports event
Robinhood suspends trading in Super Bowl betting contracts after CFTC directive
Robinhood said on Tuesday it had suspended trading in Super Bowl betting contracts after the brokerage received a request from the U.S. Commodity Futures Trading Commission. "We are heeding their directive to cease offering these contracts despite the fact that the CFTC has not deemed Kalshi's football championship contracts illegal,
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Robinhood plans to add CME Group’s Equity, Crypto, and Commodity Futures
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