Robinhood finds itself in the middle of a brewing battle over prediction markets and their connection to sports betting, with a legal challenge filed in federal court in California.
Robinhood is facing a class action lawsuit in California, with allegations that the trading platform misrepresented sports event contracts as real financial instruments. The lawsuit claims that Robinhood marketed these contracts as financial products, blurring the lines between sports betting and financial trading.
The Inter-Tribal Council of the Five Civilized Tribes (ITC) has adopted a resolution calling on Congress and federal regulators to protect tribal sovereignty from prediction markets such as Kalshi and Polymarket.
The New York Lottery unveiled yet another scratch-off winner, this time from Cheektowaga.
The Commodity Futures Trading Commission (CFTC) is investigating after Kalshi personnel admitted that President Donald Trump’s teleprompter operator won around $100,000 trading on Kalshi on what Trump’s speeches would include.
England vs. Argentina kicks off in the World Cup Semifinals at 3 p.m. ET on FOX from Mercedes-Benz Stadium in Atlanta, Georgia.
