Ohio regulator orders Robinhood Derivatives to halt sports-event contracts by 16 October
Robinhood Derivatives faces a 16 October compliance deadline for Ohio’s cease-and-desist order concerning sports-event contracts.
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Coinbase, Polymarket, Novig, Crypto.com, Robinhood, Robinhood Derivatives
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Activity summary: ProphetX appears in 4 entries across 1 market (mainly USA). By desk: Enforcement & compliance 3, Regulation 1. Computed from our records only.
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Robinhood Derivatives faces a 16 October compliance deadline for Ohio’s cease-and-desist order concerning sports-event contracts.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The orders require nine prediction market companies to stop offering sports event contracts to Connecticut residents.
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.