Crypto.com & Robinhood Take Sports Contracts Fight to Supreme Court

The move follows a Ninth Circuit ruling that found sports event contracts aren’t swaps under federal law.

The hit

Crypto.com & Robinhood have escalated their sports-contract turf war to the US Supreme Court, according to Yogonet. Crypto.com’s North American Derivatives Exchange filed its petition on 11 September, days after Robinhood lodged its own. Both ask the justices to settle whether the CFTC has exclusive authority over sports event contracts, after a Ninth Circuit ruling sided with Nevada’s state gambling rules.

Why it matters

If the Supreme Court agrees to hear the case, it could decide once & for all whether states can block sports prediction markets or whether the CFTC’s federal licence trumps local gambling law. A ruling for the platforms would let Crypto.com, Robinhood & rivals like Kalshi keep offering sports contracts nationwide; a ruling for states could force them to shut down in places like Nevada & Connecticut.

The record

Crypto.com petition filed	11 September 2026 (Yogonet)
Robinhood petition	Filed days before Crypto.com’s, per Yogonet
Ninth Circuit ruling	Found sports event contracts aren’t swaps, backed Nevada’s rules (Yogonet)
Connecticut action	Issued cease-&-desist orders to Crypto.com, Robinhood & others (Yogonet)
Kalshi status	Seeking en banc rehearing at Ninth Circuit after panel ruled against it (Yogonet)

What happens next

No hearing date has been set. Watch for the Supreme Court’s decision on whether to grant certiorari, & for Kalshi’s bid for an en banc rehearing at the Ninth Circuit.

Sources: Crypto.com, Robinhood ask Supreme Court to settle federal-state fight over sports event contracts

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