Robinhood agrees to halt new Michigan sports event contracts
Robinhood will stop offering new sports-related event contracts to Michigan customers under a court-approved agreement with state officials. It must close remaining positions by 9 October; officials agreed not to take enforcement action while Robinhood complies, and the agreement leaves the dispute over state authority unresolved.
The agreement pauses new Michigan contracts and requires existing positions to close without resolving whether state gambling laws apply.