Vardan Khachatryan
Robinhood in Nevada
Not available for sports contracts.
- Sports contracts
- Not available
- Other contracts
- Available
- Regulator
- CFTC: offers event contracts through Robinhood Derivatives, a CFTC-registered futures commission merchant, on Kalshi, ForecastEx, CDNA and Rothera
- Rulings and actions in Nevada
- 3 on record, listed in the timeline
- Legal sports betting
- Licensed sportsbooks since 1949
- New sports contracts
- Closed to Nevadans since December 1, 2025
- Federal appeals court
- Ninth Circuit: ruled against Kalshi on August 28, 2026
- Last change
- September 10, 2026
Each entry on this page links the ruling or report it rests on. Nothing here is legal advice.
Open RobinhoodWhy Robinhood's sports contracts are blocked in Nevada
Robinhood itself is not the problem in Nevada. Stocks, crypto and most of its app work as they do anywhere else.
Sports are the problem. Nevada says a sports event contract is a wager, and Robinhood has no Nevada gaming license.
Robinhood sued to stop Nevada from enforcing that view. It lost in November 2025, and again in the Ninth Circuit in August 2026.
So since December 1, 2025, Nevadans cannot open new sports contracts on Robinhood. Here is what that leaves.
What you can trade on Robinhood from Nevada
Robinhood's help center lists one Nevada rule: “Nevada residents can't open new sports event contracts (as of December 1, 2025).”
So the Golden Knights, the Raiders and UNLV are off the menu. Economy, crypto, commodity and weather contracts are not affected by that rule.
Elections are less clear. Robinhood routes midterm contracts to Kalshi and Rothera, and a Nevada order bars Kalshi's election contracts here.
Robinhood also checks where you are, not only where you live. Near a state line, a “stricter area” error can block a trade.
To trade at all, you need a Robinhood account, an age of 18 or more and approval for event contracts.
How Robinhood's prediction market works for Nevada traders
Every contract is a yes-or-no question. It pays $1 if the answer is yes and nothing if it is no.
The price is the market's odds. A contract at 60¢ means traders put the chance at about 60%.
Say the Golden Knights are 60¢ to win. On Robinhood, 100 Kalshi-listed contracts cost $60, plus $1 in commission and $1 to Kalshi.
If they win, you collect $100, a $38.00 profit. If they lose, you are out $62.00.
That is the trade Nevadans can no longer open. The same fees apply to the contracts still available here.
The commission is capped at 1¢ a contract, and selling before the result costs the fees again. Our Robinhood fees page has the details.
What Nevada has said about Robinhood
Nevada warned Robinhood early. On May 8, 2025, the Gaming Control Board sent a letter telling it not to offer sports contracts in Nevada.
Robinhood sued instead. The board's chairman, Mike Dreitzer, has not moved: “This is sports betting.”
Nevada's attorney general describes Robinhood as having stopped offering event contracts voluntarily. Robinhood's own help page limits that to new sports contracts.
Robinhood sees it differently. Its help center puts it plainly: “these are not bets.”
Robinhood's Nevada case, explained
Robinhood Derivatives, the company's CFTC-registered broker, sued Nevada's gaming regulators on August 19, 2025. The case is Robinhood Derivatives, LLC v. Dreitzer.
It argued that federal commodities law leaves states no room to police contracts on federal exchanges. Nevada disagreed.
On November 25, 2025, Judge Andrew P. Gordon refused to block Nevada's gaming laws. He had ruled the same way against Kalshi a day earlier.
Robinhood then agreed to limit its Nevada offerings while it appealed. New sports contracts closed on December 1.
The Ninth Circuit heard Robinhood, Kalshi and Crypto.com together on April 16, 2026. It ruled against all three on August 28.
Robinhood's loss came in a short, unpublished memorandum, No. 25-7831. It rests on the published Kalshi opinion, which found sports contracts are not swaps.
On September 10, 2026, Robinhood asked the Supreme Court to hear the case. The petition is No. 26-338, and Nevada's response is due October 14.
Meanwhile the Las Vegas case goes on. The last scheduling order we found set discovery to close on January 22, 2027.
What could change Robinhood's status in Nevada
The Supreme Court is the big one. If it takes Robinhood's case and rules for it, sports contracts could return to Nevada.
It has other chances to decide the question. Crypto.com filed its own Nevada petition, No. 26-344, and New Jersey has asked the Court to settle the split.
The Ninth Circuit could also move. Kalshi has asked it to rehear the Nevada ruling with 11 judges.
The risk runs the other way too. Nevada counts election and award-show contracts as wagers, not just sports.
And Congress may weigh in. Nevada's Reps. Steven Horsford and Mark Amodei want sports contracts banned outright. Our litigation tracker follows each case.
Robinhood in Nevada: timeline
Every change to Robinhood's position in Nevada, newest first. Each entry links the ruling, filing or report behind it.
How Robinhood compares to sports betting in Nevada
Nevada has licensed sports betting since 1949. Its 186 sportsbooks took $133.8 million on the February 2026 Super Bowl.
Robinhood is a broker, not a sportsbook. It sends your order to an exchange, where another trader takes the other side.
The protections differ too. Nevada books take bettors from 21, while Robinhood's event contracts start at 18.
Robinhood's event-contract cash is not SIPC protected either. It sits in a segregated account under CFTC rules.
Nevada's big sportsbook brands have picked sides. FanDuel gave up its Nevada licenses in November 2025, and DraftKings withdrew its applications.
The board said both intend “to engage in unlawful activities related to sports event contracts.”
Other prediction market apps in Nevada
Kalshi, the exchange behind many Robinhood orders, is barred from sports, election and entertainment contracts here. See whether Kalshi is legal in Nevada.
Polymarket US has left the state under a court order. See whether Polymarket is legal in Nevada.
Here is where each app we rank stands on sports in Nevada. For the full picture, see prediction markets in Nevada.
| App | Status in Nevada | More |
|---|---|---|
| Kalshi | Not available for sports, election and entertainment contracts | Is Kalshi legal in Nevada? |
| Gemini Predictions | Available, sports included | Gemini Predictions review |
| Polymarket US | Not available | Is Polymarket legal in Nevada? |
| OG | Available, but not for sports contracts | OG review |
| Interactive Brokers | Available; it lists no sports contracts anywhere | Interactive Brokers review |
| ProphetX | Not available | ProphetX review |
| Coinbase | Not available | Coinbase review |
| Webull | Available, but not for sports contracts | Webull review |
| Novig | Not available | Novig review |
| DraftKings Predictions | Available, but not for sports contracts | DraftKings Predictions review |
| Fanatics Markets | Not available | Fanatics Markets review |
| FanDuel Predicts | Available, but not for sports contracts | FanDuel Predicts review |
| PrizePicks | Not available | PrizePicks review |
| Underdog Predict | Not available | Underdog Predict review |
How to use Robinhood in Nevada
Open a Robinhood account with a Social Security number and a US address. Then search the app for “Prediction markets” and tap Yes or No on any event.
That starts a separate application for Robinhood Derivatives. Once approved, you can trade the contracts Nevada still allows.
Winning contracts pay $1 once the exchange confirms the result. The cash is generally withdrawable within 1 business day of settlement.
Read our Robinhood review for fees, payouts and lawsuits. New to all this? Start with what prediction markets are.