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Operator v. state

Robinhood Derivatives, LLC v. Dreitzer

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.

Open question

Docket timeline

  1. Appeal docketed (No. 25-7831).

    Source: dockets.justia.com

  2. Complaint filed.

    Source: dockets.justia.com

  3. Robinhood also files a TRO/preliminary-injunction motion; Chief Judge Andrew P. Gordon presides (Judge Mahan recused Aug. 20, 2025).

    Source: dockets.justia.com

Sources

  1. Justia docket: Robinhood Derivatives v. Dreitzer, D. Nev. 2:25-cv-01541
  2. Justia docket: Robinhood Derivatives v. Dreitzer, 9th Cir. 25-7831

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