Robinhood Prediction Markets Face Supreme Court Test as New Jersey Takes On Kalshi
Robinhood made $156M from event contracts in Q2 as traders see a 52% chance the Supreme Court takes up the sports-contract fight.
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UPDATE: The U.S. Court Of Appeals For The Ninth Circuit Said It Disagreed With A Prediction Market Company’s Overly Broad Reading Of Federal Commodity Law, Affirming A Lower Court Ruling To Dissolve An Injunction Against Cracking Down On Its Sports Offerings
https://cdn.ca9.uscourts.gov/datastore/opinions/2026/08/28/25-7516.pdf
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