Robinhood is considering offering event contracts outside the US, with the UK and European Union among its initial markets, company executive JB Mackenzie said. The company has discussed UK regulatory requirements with the Financial Conduct Authority; no launch decision was stated.
Any expansion would depend on how event contracts are treated under UK and European regulatory frameworks.
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Gemini launched its Gemini Predictions platform across all 50 US states, the company said. The rollout followed the CFTC’s grant of a Designated Contract Market licence to Gemini Titan, and the platform initially excludes sports-related contracts.
Ohio state senator Bill DeMora is seeking renewed action on two bills covering sports prediction markets and election betting. SB 430 would bring sports-outcome contracts under Ohio’s sports-gambling rules, while SB 479 would extend the ban on election wagers to prediction-market platforms; neither bill has received a Senate floor vote.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from enforcing gambling laws against their sports event contracts. Both argue that federal commodities law gives the Commodity Futures Trading Commission exclusive jurisdiction; Missouri Attorney General Catherine Hanaway has separately filed counterclaims alleging Novig violated federal and state laws.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from applying gambling laws to their sports event contracts. Both companies argue that the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the products, rather than state gambling regulators.
Thirty-seven US states, the District of Columbia and the Northern Mariana Islands submitted a brief supporting New York against Kalshi to the Second Circuit Court of Appeals. Registered on 6 November, the brief argues that federal derivatives law should not prevent states from enforcing sports-betting and consumer-protection rules; a separate group of 38 states filed a Wisconsin brief concerning Polymarket, Coinbase, Robinhood and Crypto.com.
A coalition of 37 US states, the District of Columbia and the Northern Mariana Islands has filed a brief supporting New York in its case against Kalshi at the Second Circuit Court of Appeals. The brief, filed on 6 November, argues that federal derivatives law should not prevent states from applying sports-betting and consumer-protection rules.
Five prediction market operators have withdrawn or limited some event contracts in Utah as state authorities pursue criminal charges against Kalshi and its co-founders. DraftKings, FanDuel and Fanatics introduced restrictions between 28 October and 4 November; Robinhood and PrizePicks have also restricted access, with measures varying by operator.