Class Action Lawsuit Claims Robinhood Runs Illegal Sports Gambling Platform
July 17, 2026 A class action lawsuit claims that Robinhood offers illegal online sports betting under the guise of a ‘prediction markets’ hub.
Lawsuit Filings
Robinhood Lawsuit Alleges Cash Sweep Program Benefits Company at Customers’ Expense
December 17, 2024 A class action accuses Robinhood of breaching its contractual duties to customers by “sweeping” their cash deposits into accounts that pay unreasonable interest rates.
Robinhood Hit with Consolidated Class Actions in Run-Up to IPO
July 29, 2021 A consolidated class action claims Robinhood and Apex wiped out $10B in market capitalization by restricting access to their systems amid the Jan. 2021 "meme stock" trading frenzy.
Robinhood ‘Meme Stocks’: More Class Actions Filed, MDL Created to Handle 39 Other Suits
April 9, 2021 A class action alleges Robinhood defrauded those who placed orders on the brokerage platform between Sept. 2016 and June 2019 by concealing the practice of routing orders to a group of outside trading firms in exchange for compensation.
Investor Class Action Alleges Robinhood Capitalized on Young Traders’ ‘Naivete’ with High Payments for Order Flow [UPDATE]
January 20, 2021 Robinhood faces another class action over its apparent failure to disclose that the majority of its revenue comes from high rates of payment for order flow.
Class Action Looks to Cover Robinhood Short Position, Options Contract Holders Affected by Early-March Outage [UPDATE]
March 12, 2020 Robinhood faces another class action over the March 2-3 outage that prevented users from accessing the company's securities brokerage platform.
Class Action: Investment Broker Robinhood’s ‘Refer-a-Friend’ Texts Violated Washington State Law [UPDATE]
November 19, 2019 A proposed class action claims Robinhood Markets, Inc. and its subsidiary “initiated and assisted” in the transmission of unsolicited spam texts through a “refer-a-friend” program.