Robinhood Says CFTC Asked It to Halt Super Bowl Wagers
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Robinhood Markets Inc. said it received a formal request from the Commodity Futures Trading Commission to suspend its offerings for traders to place bets on the outcomes of the Feb. 9 Super Bowl game.
The firm announced Monday that it would give retail traders access to the sports event contracts through the derivatives exchange Kalshi Inc., after allowing wagers to be placed on the US presidential election last year.