Resolution criteria

This market will resolve to "Yes" if, before January 1, 2028, Robinhood Markets Inc. (HOOD) is fined by any regulatory authority for activities related to the sale or promotion of tokens associated with OpenAI. Official announcements from regulatory bodies such as the U.S. Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA) will serve as the primary sources for resolution. If no such fines are imposed by the specified date, the market will resolve to "No."

Background

In July 2025, Robinhood introduced tokenized shares of private companies, including OpenAI, to its European Union customers. OpenAI publicly disavowed these tokens, stating they did not represent actual equity and were not authorized by the company. (cnbc.com) This move has raised questions about the legality and regulatory compliance of Robinhood's token offerings.

Considerations

Robinhood has a history of regulatory scrutiny. In March 2025, the company agreed to pay $29.75 million to settle FINRA probes into its supervision and compliance practices. (reuters.com) Additionally, in January 2025, Robinhood paid $45 million in penalties to settle SEC charges related to multiple securities law violations. (sec.gov) Given this context, the potential for future fines related to the OpenAI token sale remains a pertinent consideration for traders.