2:25-cv-575-APG-BNW MOTION HEARING - ROUGH DRAFT - DO NOT CITE!!!
36 a remedy against Robinhood. Robinhood may well have been within its rights to do this, but the reason it did it was because of the threat by Nevada and other states. And so we may not have a remedy against Robinhood. And the wrongdoer, in our view, or the person who caused this injury is the State, and we don't have a remedy against the State officials sued in their official capacity. THE COURT: Okay. Switch gears. You state in your papers that you've got 10,000 Nevada users with millions invested, but I guess the question is, how many of those contracts are sports or election-related that the Government seeks -- that the Nevada Government seeks to stop you from doing? MR. HAVEMANN: Well, I want to be very clear about the language of the cease and desist order. The language of the cease and desist order refers to all event contracts in Nevada, not just sports or elections. THE COURT: Fair enough. MR. HAVEMANN: So that's why the declaration is written that way, because, you know, we would want to take an abundance of caution. We have a letter from the State that says all of your contracts are unlawful, and so we take that very seriously. THE COURT: So if you stopped all of the Nevada-based market participants, how many is that? How big of
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UNITED STATES DISTRICT COURT Judy K. Moore, RMR, CRR
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