Robinhood pauses new Michigan sports contracts under court-approved agreement
Robinhood agreed to stop offering new sports-related event contracts to Michigan customers by the end of Wednesday under an agreement with state officials approved by a US district judge. It must close remaining customer positions by 9 October unless customers close them sooner; Michigan officials agreed to hold off enforcement action while Robinhood complies. The agreement leaves the legal dispute unresolved as related appeals proceed.
The pause changes Robinhood’s sports-contract availability in Michigan while preserving the parties’ legal positions.