Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»CFTC has just picked up the SUPER BOWL bets of Robinhood.
TRADING NEWS

CFTC has just picked up the SUPER BOWL bets of Robinhood.

By Crypto FlexsFebruary 5, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CFTC has just picked up the SUPER BOWL bets of Robinhood.
Share
Facebook Twitter LinkedIn Pinterest Email

Less than just one day after the Super BOWL betting contract, Robinhood was closed at the request of CFTC.

On February 4, Robinhood selected a Plug for the Super Bowl betting contract a day after the launch at the request of the US Product Futures Trading Commission.

CFTC (Commodity Future Trading Commission (CFTC) officially called Robinhood Devatives, LLC (RHD) to “access” sports events.

While we continue to cooperate with CFTC to understand their concerns, we are stopping the roll out of PRO.

Robinhood Comms (@robinhoodComms) February 4, 2025

As regulators are cautious about event -based trading products, especially products related to major sports events, movements occur.

Partnership with the prediction Market platform Kalshi was released on February 9, the February 9 SUPER BOWL match between Philadelphia Eagles and Kansas City Chiefs.

Only about 1%of Robinhood customers were able to access the contract before stopping. Those who have already bets can close their positions or see them through agreements, but new transactions are not allowed.

Robinhood, who was frustrated with the transition of the case, tweeted in a tweet that he had “communicated regularly” and was disappointed with the results.

The company did not disclose the exact reasoning of CFTC’s intervention, but the decision is made in the regulatory regulatory investigation of the event -based contract.

Two days ago, the institution began inquiries about Crypto.com and Kalshi and questioned whether his Super Bowl Agreement had observed derivatives.

Robinhood is not new to event -based trading. In October 2024, the company moved to space for the first time with a contract related to the US presidential election results.

The launch followed a court ruling in favor of Calci, which challenged CFTC’s attempt to block the election -based prediction market.

Legal victory allowed Kalshi to continue to provide election contracts, but it almost helped to solve the regulatory gray area surrounding the event -based derivatives.

A CFTC spokesman said that the company could “exert the supervision as much as possible as much as possible.”

The agency is working hard to see if these products should be treated as a traditional derivative rules or as a different kind of financial instrument.

For Robinhood, this latest obstacle may not end to push into the space. The company has announced plans to launch a broader event contract platform at the end of this year, and there is still a chance in the market.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025
Most Popular

Trader says Bitcoin (BTC) warns a weak reversal signal, and there is a gold meeting steam for the next leg.

May 21, 2025

Analysts predict massive rallies for two DeFi altcoins and say it’s time for a major recovery. His goals are:

June 18, 2024

Telegram CEO can’t leave France, OpenSea, Wells informed, etc: Hodler’s Digest, August 25

September 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.