Bleachers Stadium Auditorium

Maryland Lottery and Gaming directs commodity traders to halt sports event contracts

Posted on by Chris Montcalmo

BALTIMORE, MD—The Maryland Lottery and Gaming Control Commission on Monday issued letters to commodity trading businesses KalshiEX, LLC (Kalshi), Robinhood Derivatives, LLC (Robinhood) and North American Derivatives Exchange, Inc. (doing business as Crypto.com), directing them to stop offering sports event contracts in Maryland. Maryland Lottery and Gaming informed the three companies that the sports event prediction markets they offer via […]

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Judge Gavel Court

Maryland joins in $10 million settlement with Robinhood for failing investors

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Anthony G. Brown’s Securities Division has announced that it has joined a multistate settlement with Robinhood Financial LLC, which will pay up to $10.2 million in penalties for operational and technical failures that harmed Main Street investors. The settlement stems from an investigation regarding Robinhood’s failures concerning the retail market. The investigation was spearheaded by state […]

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