Robinhood adds football contracts and sues New Jersey gaming regulator

Robinhood added professional and college football event contracts to its prediction markets and filed suit against the New Jersey Division of Gaming Enforcement on 19 August. The company seeks to prevent the regulator from enforcing state gambling laws against the contracts, arguing that federal law pre-empts them; the NJDGE had issued cease-and-desist orders to Robinhood and Kalshi in March over alleged sports wagering violations.