By The Weekly Edge desk ·
The federal government sought to prevent Connecticut from enforcing measures against prediction markets, Gambling Insider reported. Robinhood also sought to join the legal proceedings.
For prediction market operators, federal intervention challenges Connecticut’s enforcement measures, while Robinhood seeks to join the proceedings.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The applications could enable Blockchain.com to seek approval to bring prediction markets and regulated trading to US users.
The partnership assigns OG.com infrastructure and clearing responsibilities for Robinhood’s retail event contracts through its CFTC-regulated exchange and clearinghouse.
The contracts could give operators and investors a regulated route to trade on company performance measures, while the clearinghouse approval remains outstanding.
The planned White House meeting connects prediction market executives with President Trump and the Commodity Futures Trading Commission chairman.
Conflicting circuit decisions leave disputed whether federal law overrides state gambling rules for sports contracts.
Operators seeking relief from state enforcement face federal appeals proceedings as the CFTC moves towards new sector rules.