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Robinhood Sues Massachusetts Over Sports Betting Regulations

9/19/2025

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Summary

Story summary

Robinhood has sued the Massachusetts Attorney General and Gaming Commission to challenge state gambling laws affecting its sports prediction markets.
This lawsuit follows the Attorney General's action against Kalshi, Robinhood's partner in prediction markets.
Massachusetts alleges Kalshi is conducting illegal online sports betting without a license.
Robinhood contends its markets are federally regulated, claiming state intervention breaches the Commodity Exchange Act.
Both companies are involved in ongoing lawsuits across multiple states concerning prediction market regulations.

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Story summary

Robinhood has sued the Massachusetts Attorney General and Gaming Commission to challenge state gambling laws affecting its sports prediction markets.
This lawsuit follows the Attorney General's action against Kalshi, Robinhood's partner in prediction markets.
Massachusetts alleges Kalshi is conducting illegal online sports betting without a license.
Robinhood contends its markets are federally regulated, claiming state intervention breaches the Commodity Exchange Act.
Both companies are involved in ongoing lawsuits across multiple states concerning prediction market regulations.