U.S. District Court for the District of Nevada, 2:25-cv-01541
On appeal
Robinhood appealed a preliminary-injunction ruling; the Ninth Circuit ruled for Nevada on Aug. 28, 2026 and Robinhood's cert petition (No. 26-338) is 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.
Robinhood's derivatives arm challenged Nevada's enforcement against its sports event contracts. The preliminary-injunction ruling went up to the Ninth Circuit with the Kalshi and Crypto.com appeals.