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Robinhood halts sports-related event contracts in Michigan

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Publish Date: Sep 09, 2026

Fact checked by: Sara Jane Gamelli

Key Points

The MGCB announced that Robinhood has agreed to stop new sports-related event contracts to Michigan customers effective Sept. 8.
It will also close out any remaining customer positions by October 9, under a court-approved agreement.
This is 2nd (Kalshi) sports-contract platform to withdraw its offerings in the state.

The Michigan Gaming Control Board (MGCB) announced that Menlo Park, California-based Robinhood Derivatives, LLC has agreed to stop offering new sports-related event contracts to Michigan customers effective by the end of the day Wednesday, Sept. 8 and to close out any remaining customer positions by October 9, under a court-approved agreement.

Today's action follows a preliminary injunction the Michigan Attorney General secured earlier this month against KalshiEX, barring that platform from offering, listing, or facilitating sports-related event contracts for anyone located within the state.

“This agreement is another win for Michigan consumers,” said MGCB Executive Director Henry Williams in a news release. “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 agreement makes Robinhood the second sports-contract platform to withdraw its offerings from Michigan this year, following Kalshi, while the two companies’ federal court challenges continue. The agreement does not concede any party’s legal position — it preserves both sides’ rights and defenses, including Robinhood’s argument that its federally structured contracts are not subject to state regulation. The agreement will remain in effect until 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,” said 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.”

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