Massachusetts Regulator Probes Robinhood Over Prediction Markets Hub: Reuters
23 Articles
23 Articles
Massachusetts regulators probe Robinhood over March Madness basketball betting
Massachusetts' top securities regulator has begun an investigation into trading platform Robinhood's decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments.
Robinhood Prediction-Markets Arm Gets Massachusetts Subpoena
Robinhood Markets Inc.’s prediction-markets business received a subpoena from Massachusetts’ Secretary of State Bill Galvin, who’s looking into links to gambling for its sports-event contracts, especially for younger users.
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