# Robinhood Derivatives

**Type:** Company  
**Status:** Active  
**Domain:** Internet Finance  
**Founded:** [Unknown]  
**Description:** Prediction market platform operated by Robinhood, subject to Nevada gaming law challenges alongside Kalshi and Crypto.com.

## Timeline

- **2026-04-16** — 9th Circuit consolidated oral argument with Kalshi and Crypto.com on CEA preemption vs. Nevada gaming law definitions

## Overview

Robinhood Derivatives is a prediction market platform that became subject to Nevada Gaming Control Board enforcement actions. The platform's case was consolidated with Kalshi and Crypto.com for a single 9th Circuit hearing addressing whether the Commodity Exchange Act preempts Nevada's gaming law definitions of "sports pool" and "percentage game."

## Legal Context

The consolidated cases center on state-level gaming law enforcement against CFTC-licensed prediction market platforms, testing the boundaries of federal preemption in the prediction market industry.

## Sources

- MCAI Lex Vision, "9th Circuit consolidates Kalshi, Robinhood, Crypto.com oral arguments for April 16" (2026-04-12)