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Robinhood Tries to Rebrand Sports Betting as Investing
Robinhood has gotten a reputation as a platform where people make wildly speculative investments without sufficient guardrails. So it’s only right that it’s getting into the sports betting business. The company announced on Tuesday that it is launching “prediction markets” for college and professional football as part of a partnership with Kalshi.
The announcement of oral arguments follows New Jersey’s Aug. 14 response to a Kalshi brief, in which the prediction market ...
Cryptopolitan on MSN2d
More than half of Kalshi traders now bet on Gemini to win the AI race
Google’s Gemini has passed OpenAI’s ChatGPT and Elon Musk’s Grok in Kalshi’s prediction market, as 59% of traders now bet ...
The new offering follows the success of Polymarket-style event trading, but with CFTC-regulated contracts in the U.S.
Kalshi has argued that Nevada’s effort to require discovery in the two parties’ lawsuit is a distraction, and that the state ...
Kalshi, the prediction market, has launched new sports wagers on its platform. Here's what we know on these new additions.
KLAS Las Vegas on MSN20h
Robinhood sues Nevada over sports futures contracts as gaming enforcement stands firm
Robinhood is suing the Nevada Gaming Commission, escalating the battle over Nevada’s authority to prohibit sports futures ...
Kalshi is boldly going where state-regulated sportsbooks have gone before, into the business of offering point spreads, ...
Ho-Chunk Nation sues Kalshi over sports contracts, joining California tribes in challenging prediction market’s legality.
“Bringing these markets under CFTC oversight gives consumers the same level of protections as Wall Street traders and ...
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