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. According to the […]
Robinhood’s Terrible Plan to Get Into Sports Betting Paused After Government Pushback
Robinhood has ceased the rollout of its sports betting product following a request by the Commodity Futures Trading Commission (CFTC). The stock trading company geared at individual investors had been jumping headfirst into sports betting with its Pro Football Championship market, looking to capitalize on the rapidly growing demand for pure degeneracy. It was only […]