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MGCB secures Robinhood agreement to halt new Michigan sports contracts

Regulation

The Michigan Gaming Control Board said a court-approved agreement requires Robinhood Derivatives to stop offering new sports-event contracts to Michigan customers by the end of 9 September 2026. Existing positions must close by 9 October; the agreement does not concede either side’s legal position and remains in effect until appeals before the Sixth Circuit conclude.

Robinhood must stop new Michigan sports-event contracts and close existing positions while appeals proceed.

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Enforcement & compliance

Ohio Casino Control Commission orders prediction market businesses to halt sports contracts

The Ohio Casino Control Commission issued demands on 2 October for prediction market operators and brokers to withdraw sports contracts from Ohio. The outlet reported that recipients must provide written confirmation of compliance by 16 October, following a federal appeals ruling allowing Ohio to apply its gambling laws to these contracts.

The Ohio Casino Control Commission sent cease-and-desist letters on 2 October to 10 prediction market operators and brokers, requiring each to confirm in writing by 16 October that it has stopped offering sports event contracts to people in Ohio. The recipients are Coinbase, Gemini, Titan, Moomoo Financial, Novig, Plus500US, Polymarket, Prophet X, Robinhood Derivatives, Underdog Predict and Webull Financial. Kalshi, which contested the commission in court, did not receive a new letter; it already faces a proposed $5m fine from the commission.

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