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Crypto.com and Robinhood seek Supreme Court review of Nevada sports-contract ruling

Regulation

Crypto.com and Robinhood petitioned the US Supreme Court to review a Ninth Circuit decision upholding the denial of an injunction against Nevada over sports event contracts. Both companies have suspended those contracts for Nevada residents while seeking review. The filing follows Kalshi’s request for an en banc Ninth Circuit hearing in a separate case concerning state regulation of sports event contracts.

The petitions could affect whether Nevada regulators can oversee sports event contracts offered by prediction markets.

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Regulation

IAGR and NAGRA urge US Supreme Court review of sports event contracts

IAGR and NAGRA jointly filed an amicus brief urging the US Supreme Court to review whether federal commodities law overrides state gambling laws for sports event contracts on CFTC-registered platforms. The associations cited conflicting preliminary-injunction rulings involving New Jersey and Nevada and said regulators need clarity on their authority and consumer safeguards.

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