Is Robinhood legal in Wisconsin?

The short answer

Yes, but contested: Robinhood's sports contracts face an open dispute in Wisconsin, with no restriction in force.

State of Wisconsin v. Kalshi, Inc., No. 3:26-cv-00378 (W.D. Wis.) – source

What you can trade from Wisconsin

Everything Robinhood lists nationally, including sports contracts: no restriction on them is in force in Wisconsin while the dispute continues. Other venues here: Kalshi (disputed), Polymarket (disputed), DraftKings (not covered), FanDuel (not covered).

What Wisconsin'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 Wisconsin 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 Wisconsin action concerns Robinhood's sports contracts. Whether a state may enforce at all is the question the federal appeals courts have split on. Wisconsin is outside the Third, Sixth and Ninth Circuits, the three appeals courts that have ruled. The question is unresolved there. Litigation tracker →