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Robinhood limits access to some prediction-market contracts

Regulation

Robinhood has chosen not to offer some prediction-market contracts, including markets on words used in public speeches and earnings calls, according to comments by its UK president Jordan Sinclair. Sinclair said the company was focused on market abuse and insider trading. Robinhood offers prediction markets only in the US, and is also in a legal dispute with Massachusetts over event-based contracts.

Robinhood’s product limits and Massachusetts dispute affect the range and regulatory treatment of its US event contracts.

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Regulation

Third Circuit limits New Jersey enforcement over Kalshi contracts

The US Court of Appeals for the Third Circuit ruled 2-1 that New Jersey regulators cannot enforce state gambling rules against Kalshi’s sports-linked contracts, according to the report. New Jersey Attorney General Jennifer Davenport said the state disagreed and was reviewing its options; the dispute began with a 2025 order to halt Kalshi’s operations.

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