Is Robinhood legal in Maryland?

The short answer

Not for sports contracts: Robinhood cannot offer them in Maryland. Its other contracts are not affected.

Maryland Lottery and Gaming Control Commission cease-and-desist (Apr 7, 2025) – source

What you can trade from Maryland

Everything Robinhood lists except sports contracts, which are not available in Maryland. Other venues here: Kalshi (disputed), Polymarket (disputed), DraftKings (not covered), FanDuel (not covered).

What Maryland's regulator has said

No action against Robinhood specifically is on record; the status above rests on the cited source.

Change log

How this compares to Maryland sports betting

Where a state allows sports betting, sportsbooks are licensed and taxed by that state; an event contract on a federal exchange is neither, which is the whole dispute. The Maryland action concerns Robinhood's sports contracts. Whether a state may enforce at all is the question the federal appeals courts have split on. Maryland is outside the Third, Sixth and Ninth Circuits, the three appeals courts that have ruled. The question is unresolved there. Litigation tracker →