By The Weekly Edge desk ·
Casino.org News reported, citing the Wall Street Journal, that Robinhood and Crypto.com are discussing a product integration. The proposed arrangement would bring Crypto.com event contracts onto Robinhood’s platform.
The proposed integration would extend distribution of Crypto.com’s prediction market contracts.
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Linked through shared companies, regulators and people, or one step further through the graph.
Conflicting circuit decisions leave disputed whether federal law overrides state gambling rules for sports contracts.
The partnership assigns OG.com infrastructure and clearing responsibilities for Robinhood’s retail event contracts through its CFTC-regulated exchange and clearinghouse.
The applications could enable Blockchain.com to seek approval to bring prediction markets and regulated trading to US users.
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.
The ruling subjects disputed Nevada sports event contracts to gambling rules, while DraftKings and Flutter shares gained.
The orders require nine prediction market companies to stop offering sports event contracts to Connecticut residents.