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Operator v. state

Robinhood Derivatives, LLC v. Dreitzer

U.S. Court of Appeals for the Ninth Circuit, 25-7831

Decided

Decided for Nevada on Aug. 28, 2026; cert petition No. 26-338 pending.

The question

Whether the Commodity Exchange Act preempts Nevada gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.

Consolidated with the Kalshi and Crypto.com appeals and argued April 16, 2026, the appeal was resolved for Nevada the same day as Kalshi v. Assad. Robinhood went directly to the Supreme Court.

Open questions

Docket timeline

  1. Cert petition filed (No. 26-338).

    Source: supremecourt.gov

  2. Decision for Nevada.

    Source: supremecourt.gov

  3. Argued and submitted.

    Source: dockets.justia.com

  4. Consolidated with Nos. 25-7187 and 25-7516.

    Source: dockets.justia.com

  5. Appeal docketed.

    Source: dockets.justia.com

Sources

  1. Justia docket: Robinhood Derivatives v. Dreitzer, 9th Cir. 25-7831
  2. Supreme Court docket No. 26-338
  3. Vultax prediction market lawsuit tracker (updated 2026-10-19)

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