This web page was created programmatically, to learn the article in its authentic location you possibly can go to the hyperlink bellow: https://www.michigan.gov/mgcb/news/2026/09/09/robinhood-agrees-to-halt-contractsand if you wish to take away this text from our website please contact us [ad_1] DETROIT, Sept. 9, 2026 — The Michigan Gaming Control Board (MGCB) introduced at the moment that Robinhood Derivatives, LLC has agreed to cease providing new sports-related occasion contracts to Michigan prospects by the top of the day Wednesday, and to shut out any remaining buyer positions by October 9, underneath a court-approved settlement. The settlement marks one other step ahead in Michigan’s ongoing effort to make sure that sports activities wagering merchandise are supplied solely by means of operators licensed and controlled underneath state regulation. It follows a preliminary injunction the Michigan Attorney General secured earlier this month in opposition to KalshiEX, barring that platform from providing, itemizing, or facilitating sports-related occasion contracts for anybody situated in Michigan. “This agreement is another win for Michigan consumers,” mentioned MGCB Executive Director Henry Williams. “Sports wagering products should only be offered by operators who are licensed, regulated, and held accountable under Michigan law. We’re pleased Robinhood has agreed to step back from offering these unregulated products while the courts continue to sort out the broader legal questions, and we’ll keep working with the Attorney General’s office to make sure Michigan consumers are protected.” This settlement makes Robinhood the second sports-contract platform to withdraw its choices from Michigan this yr, following Kalshi, whereas the 2 corporations’ federal court docket challenges proceed. The settlement doesn't concede any get together’s authorized place — it preserves each side’ rights and defenses, together with Robinhood’s argument that its federally structured contracts should not topic to state regulation. The settlement will stay in impact till the Sixth Circuit appeals are resolved. “Throughout this litigation, our priority has been protecting Michigan consumers from exploitative practices and ensuring betting in our state remains fair and regulated,” mentioned Michigan Attorney General Dana Nessel. “I am proud of the dedicated attorneys in my office for securing an agreement that protects Michiganders while our case moves forward.” The MGCB stays dedicated to working with the Michigan Department of Attorney General to guard Michigan customers and to make sure that sports activities wagering within the state is carried out solely by means of correctly licensed and controlled operators. Gambling in any kind is for leisure functions solely. If you or somebody you already know could have a playing downside, name 1-800-GAMBLER, chat online, or go to 800gambler.org. Help is offered 24/7, free and confidential. Michigan residents may also go to the MGCB's Responsible Gaming web page for data on self-exclusion applications, together with the Disassociated Persons List and the Internet Gaming and Sports Betting Responsible Gaming Database. Through a partnership with Gamban, Michigan residents can declare a free license for Gamban's playing blocking software program — go to Michigan.gov/MGCB to study extra. Additional accountable gaming instruments can be found at DontRegretTheBet.org. The Michigan Gaming Control Board shall make sure the conduct of honest and trustworthy gaming to guard the pursuits of Michigan residents. Learn extra at Michigan.gov/MGCB. [ad_2] This web page was created programmatically, to learn the article in its authentic location you possibly can go to the hyperlink bellow: https://www.michigan.gov/mgcb/news/2026/09/09/robinhood-agrees-to-halt-contractsand if you wish to take away this text from our website please contact us