3 days ago · 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 ...

2 days ago · Robinhood has ended its Super Bowl LIX events contracts after pressure from the CFTC. Robinhood previously launched 2024 election contracts and plans to roll out more event contracts in the future ...

2 days ago · Before the CFTC decision, Robinhood, which boasts nearly 25 million users, had offered contracts on the Super Bowl outcome, allowing users to buy a “Yes” contract with a $1 payout if their chosen team—either the Kansas City Chiefs or the Philadelphia Eagles—won, according to Covers.

2 days ago · The U.S. Commodity Futures Trading Commission (CFTC) has pushed back against Super Bowl event contracts launched by the exchange Crypto.com and the retail betting market Kalshi. The retail trading giant Robinhood announced on Monday that it planned to roll out a prediction market for the Super Bowl on Kalshi.

Robinhood Markets HOOD2.49%increase; green up pointing triangle said Tuesday that it was withdrawing its plans to offer betting contracts on the Super Bowl, following pushback from the Commodity ...

2 days ago · The move follows reports that the CFTC is also investigating Crypto.com and Kalshi over their Super Bowl event contracts and whether they comply with derivatives regulations. Unlike traditional sports betting, event contracts operate as markets where odds are determined by user participation rather than bookmakers.

3 days ago · (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.

3 days ago · 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 ...