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.
Read original at benzingaStocks · News reference
Shares of sports betting companies are trading higher after the US 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.
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