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1.1 KiB
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)