Robinhood sues Massachusetts over prediction-market regulation
Robinhood sued Massachusetts Attorney General Andrea Joy Campbell and the Massachusetts Gaming Commission, challenging the state’s authority over event contracts on its platform. The filing argues that federal commodities law pre-empts state regulation; a hearing on the state’s injunction motion against Kalshi was scheduled for 22 September.
The case could affect whether Robinhood can offer sports-related event contracts to Massachusetts customers under state gambling laws.