Get ready for some drama, folks! Robinhood Markets has pulled the plug on its Super Bowl betting product after the Commodities and Futures Trading Commission (CFTC) asked them to stop offering event contracts for the big game.
The launch and subsequent withdrawal of the product on February 4 left some customers high and dry, as they had already placed their bets before the suspension. But don’t worry, Crypto.com is still in the game, offering Super Bowl wagers to those who can’t resist the thrill of betting on the outcome.
Robinhood, being the team player it is, claimed that it had been in constant communication with the CFTC regarding its plans to launch the product. However, the CFTC wasn’t having it and is now probing Crypto.com and Kalshi over their Super Bowl event contracts.
So, there you have it! Robinhood’s foray into event contracts started in October with contracts-for-difference based on the US presidential election, but it looks like they couldn’t keep up with the big leagues. Better luck next time, Robinhood!
Read More
- Pop-Tarts and Krispy Kreme Kick Off 2025 With Collaborative Menu
- The First Trailer for The Weeknd’s ‘Hurry Up Tomorrow’ Film Is Here
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- JJJJound’s Made in Germany adidas Superstars Drop This Week
- Nadaaniyan song Galatfehmi OUT: Ibrahim Ali Khan, Khushi Kapoor’s heartbreaking separation in love will leave you emotional
- JPMorgan Sees Lower Demand for ETH ETFs Compared to BTC
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- Cookie Run Kingdom Town Square Vault password
- Ryan Gosling’s Star Wars Movie Here’s Everything We Know
- Mugler Creative Director Casey Cadwallader Reportedly Stepping Down
2025-02-05 09:25