France’s Autorité Nationale des Jeux, known as the ANJ, is examining a sponsorship arrangement between Ligue 1 club OGC Nice and American fintech firm Robinhood.
The scrutiny, first reported by L’Équipe, stems from Robinhood’s position as the principal partner and front-of-shirt sponsor of the French football club.
The ANJ has been taking a firm stance against prediction markets in recent months, and this review appears to be a continuation of that regulatory crackdown.
Robinhood, which is listed on the Nasdaq, began accepting what it calls “events contracts” on its own CFTC-licensed exchange, Rothera, earlier this year.
The firm had already established a foothold in the predictions space before the OGC Nice deal was signed, having launched an in-app prediction markets hub through white-label partnerships in March 2025.
However, it was the combination of Robinhood now operating its own exclusive predictions platform and the ANJ’s increasingly hostile attitude toward the sector that appears to have triggered the formal review.
Prediction markets have been banned in France since November 2024, meaning the regulatory environment was already hostile well before this sponsorship came under examination.
Robinhood’s likely line of defence is that the OGC Nice deal was signed to promote its traditional financial platform, not its predictions products, which did not even exist as a standalone portal until nearly a year after the agreement was reached in July 2025.
When the sponsorship was announced, it marked Robinhood’s first significant move into European football and was described as a “personal and meaningful moment” for Johann Kerbrat, Senior Vice President and General Manager of Robinhood Crypto, who had studied and begun his career in Nice.
There was no mention of prediction markets in the original sponsorship announcement, which is unsurprising given that such products were already prohibited under French law at the time.
Robinhood has not moved to extend its European football footprint beyond its existing arrangement with OGC Nice, making this deal all the more significant for the company’s continental ambitions.
The outcome of the ANJ’s review could have broader implications for how American fintech and prediction market platforms approach sports sponsorship deals within European jurisdictions.
