Robinhood sues Missouri to block enforcement against its sports event contracts
Missouri's attorney general told Robinhood on 6 November that it would seek a court order within days. No court has ruled, and Robinhood has not said it will stop offering the contracts in Missouri.
· Effective · Verified 2026-11-10 via official docs
Effective Nov 9, 2026: Robinhood sues Missouri to block enforcement against its sports event contracts. Affects: Robinhood customers in Missouri who trade sports event contracts in its prediction markets hub. Source: storage.courtlistener.com, verified Nov 10, 2026.
Official site: robinhood.com
Robinhood Derivatives, LLC, the CFTC-registered broker behind Robinhood's prediction markets, sued Missouri Attorney General Catherine Hanaway and the Missouri Gaming Commission's executive director and commissioners in the US District Court for the Eastern District of Missouri on 9 November 2026. It asks the court to declare that Missouri's gaming and sports-wagering laws cannot be applied to event contracts traded on CFTC-regulated exchanges, and to block the state from enforcing them.
The suit follows a 16 September cease-and-desist letter. That letter told Robinhood to stop offering sports wagering in Missouri, or else get a Missouri Gaming Commission licence, pay state taxes and fees, and stop offering it to people under 21. Robinhood says it answered on 16 October that federal commodities law overrides Missouri's rules and offered to talk. On 6 November, the complaint says, Missouri's solicitor general told Robinhood that the attorney general now intended to seek a court order compelling compliance with state law in at least three days.
Robinhood does not run an exchange. As a futures commission merchant it routes customer orders to the exchanges that list the contracts: Kalshi since 2025; Rothera, 90% owned by a joint venture formed by Robinhood's parent, since June 2026; and Nadex, owned by the same parent as Crypto.com, for some sports contracts since 8 September 2026. It also offers ForecastEx contracts, but no sports contracts there now. The case is No. 4:26-cv-01932; on 9 November the docket showed only the complaint and filing papers.
No court has ruled, and nothing has changed yet for Missouri users. If Missouri gets a state court order and no federal court blocks it, Robinhood customers in Missouri could lose access to sports event contracts. Polymarket US filed its own Missouri suit the same day. Kalshi, Crypto.com's Nadex, Novig and Underdog sued earlier. Robinhood has already agreed to stop new sports event contracts in Michigan and Ohio, and since 2 November it has blocked new sports, culture and political positions in Utah.
“On November 6, 2026, the Solicitor General informed Robinhood that “the Attorney General of Missouri now intends to seek a judicial order compelling compliance with state law in at least three days.””
— Robinhood Derivatives, LLC v. Hanaway, complaint, E.D. Mo. No. 4:26-cv-01932
Who this affects
Robinhood customers in Missouri who trade sports event contracts in its prediction markets hub. The letter's demand concerns sports wagering.
Robinhood at a glance
Robinhood is a US brokerage app whose crypto unit (Robinhood Crypto, LLC) began live trading in February 2018 and now sells ~90 coins, including memecoins such as DOGE, SHIB, PEPE, BONK, WIF and TRUMP. Default trades have no explicit fee: Robinhood is paid inside the spread, keeping 0.95% of notional from its market makers as of June 2026. Optional exchange routing instead charges 0.00%-0.95% fee tiers. A separate non-custodial Robinhood Wallet app charges a 0.80% swap fee.
Full Robinhood sheet · 1.9% round trip · Also affects Kalshi, Polymarket
Official site: robinhood.com
More from the newsroom
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Robinhood Derivatives, LLC v. Hanaway et al., complaint, E.D. Mo. No. 4:26-cv-01932 (filed 2026-11-09) — checked 2026-11-10
- CourtListener - Robinhood Derivatives, LLC v. Missouri Attorney General (E.D. Mo. 2026) docket — checked 2026-11-10
- The Block - Crypto.com, Novig sue Missouri over sports event contracts; Kalshi, Polymarket, Robinhood hold off (2026-10-18) — checked 2026-11-10
- QCX LLC d/b/a Polymarket US v. Hanaway et al., complaint, E.D. Mo. No. 4:26-cv-01930 (filed 2026-11-09) — checked 2026-11-10
- Robinhood Markets - Form 10-Q, quarter ended 2026-09-30 (Ohio and Michigan event-contract agreements) — checked 2026-11-10
- FOX 13 News - Robinhood statement on Utah event contracts (2026-11-02) — checked 2026-11-10
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