Robinhood has suspended its Super Bowl betting offering just one day after its launch due to a request from the Commodities and Futures Trading Commission (CFTC). The product had been launched in partnership with the prediction market Kalshi, targeting the upcoming game between the Philadelphia Eagles and Kansas City Chiefs. Robinhood indicated that they had extended access to about 1% of their customers, some of whom had already placed wagers. Despite having maintained communication with the CFTC regarding their plans, the abrupt halt disappointed the company. This suspension follows recent reports that the CFTC was investigating both Crypto.com and Kalshi for their Super Bowl event contracts, assessing whether they comply with existing regulations. In contrast, Crypto.com has announced it will continue to offer the wagers despite the probe. This scenario highlights ongoing regulatory scrutiny surrounding novel betting products tied to real-world events.

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