Maryland Attempts to Shut Down Unauthorized Online Sports Event Contracts
Maryland’s top gaming authority has ordered three major financial trading platforms to immediately stop offering sports-based contracts that resemble unlicensed sports betting. On Monday, the Maryland Lottery and Gaming Control Commission (MLGCC) issued cease-and-desist directives to KalshiEX, LLC, Robinhood Derivatives, LLC, and North American Derivatives Exchange, Inc., which operates under the Crypto.com brand. The Commission […]
Maryland’s top gaming authority has ordered three major financial trading platforms to immediately stop offering sports-based contracts that resemble unlicensed sports betting. On Monday, the Maryland Lottery and Gaming Control Commission (MLGCC) issued cease-and-desist directives to KalshiEX, LLC, Robinhood Derivatives, LLC, and North American Derivatives Exchange, Inc., which operates under the Crypto.com brand. The Commission […]
