By The Weekly Edge desk ·
France’s ANJ is examining Robinhood’s sponsorship agreement with OGC Nice, SBC News reported, citing L’Équipe. Robinhood serves as the club’s principal partner and shirt-front sponsor.
Robinhood’s principal partnership and shirt-front sponsorship of OGC Nice are under examination by France’s gambling regulator.
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Conflicting circuit decisions leave disputed whether federal law overrides state gambling rules for sports contracts.
The applications could enable Blockchain.com to seek approval to bring prediction markets and regulated trading to US users.
The ruling subjects disputed Nevada sports event contracts to gambling rules, while DraftKings and Flutter shares gained.
Crypto.com is participating in the expansion of Robinhood’s sports prediction offering.
The orders require nine prediction market companies to stop offering sports event contracts to Connecticut residents.
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.