Robinhood Under Scrutiny From French Regulator for Headline Sponsorship of OGC Nice
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5 Articles
Robinhood's OGC Nice Shirt Deal Draws French Scrutiny Over Prediction Markets
A French regulator is examining Robinhood's front-of-shirt sponsorship of OGC Nice, L'Équipe reported yesterday (Tuesday). The National Gambling Authority (ANJ) review concerns Robinhood's prediction-market business, which France treats as unauthorized gambling.That distinction matters. French law makes advertising an unauthorized gambling site a criminal offense, but Robinhood's event contracts are limited to US residents.The inquiry follows a …
The French National Gaming Authority (ANJ) is taking a close look at Robinhood, the main sponsor of OGC Nice this season. The issue lies with the American broker's prediction market activities, which could fall under the purview of French gambling legislation. Robinhood defends itself, stating that it only promotes its crypto services in France. The article "Robinhood, sponsor of OGC Nice, in the sights of the French National Gaming Authority" …
If even the extrasports no longer follows in Nice... The National Game Authority (ANJ) seems to appreciate only half Robinhood,...
Robinhood under scrutiny from French regulator for headline sponsorship of OGC Nice
France’s National Gaming Authority, the Autorité Nationale des Jeux (ANJ), looks set to continue its crackdown on prediction markets as it examines a sponsorship deal between Ligue 1 side OGC Nice and fintech Robinhood. The scrutiny, reported by L’Équipe, is due to Robinhood being the principal partner and front-of-shirt sponsor of the club. The Nasdaq-listed […]
Sponsor of the Nice GOC jersey, Robinhood is scrutinized by the ANJ due to its activity in the predictive markets in the United States.
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