Robinhood halts Super Bowl betting contracts after CFTC request
The halt comes just a day after Robinhood launched the product. Robinhood said on Tuesday it is rolling back the event contracts that would let users bet on the result of the Super Bowl clash this weekend, after the online brokerage received a request from the U.S. Commodity Futures Trading Commission.
Robinhood’s Terrible Plan to Get Into Sports Betting Paused After Government Pushback
The ironic thing about Robinhood’s foray into sports betting is that retail investors have long been stigmatized as inexperienced novices simply gambling away their money, trading on vibes rather than fundamental conviction. Robinhood was not doing them any justice by inserting an actual gambling product into its app.
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After acquiring Bitstamp, the retail trading juggernaut is giving U.S. customers the option to buy cryptocurrency futures.
Online trading platform Robinhood said it will allow users to buy event contracts on which team they think will win the "Pro Football Championship" on Sunday.
Some details about the forthcoming offering, which is not yet available to Robinhood’s nearly 25 million customers, remain un ...
Robinhood Markets, Inc. (HOOD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known ...
The platform with nearly 25 million customers provided the option to purchase contracts on who would win the “Pro Football ...
Wishing actor Devdatta on their social media handles, the production house Mythri Movie Makers unveiled the look of actor. In ...
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