Robinhood sues Washington officials over threatened event-contract enforcement
Robinhood sued Washington state officials in federal court on 30 March, seeking to block enforcement of state gambling laws against its event-contract business. The company argues that federal law gives the Commodity Futures Trading Commission authority over the contracts and pre-empts state regulation; its case follows Washington’s lawsuit against Kalshi on 27 March.
The case could determine whether Washington can apply its gambling laws to event contracts offered through Robinhood’s exchange partners.