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Massachusetts regulator subpoenas Robinhood over sports betting

Summary

Massachusetts regulators are investigating Robinhood over launching a prediction markets hub, a way of letting users bet on March Madness college basketball games on its platform.

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WPRI 12

Center

Bills aim to ban sale of certain pets in Massachusetts stores

NORTH ATTLEBORO, Mass. (WPRI) — Legislation introduced at the Massachusetts State House is aiming to ban the sale of dogs, cats, rabbits and guinea pigs in pet stores. The Massachusetts Society for the Prevention of Cruelty to Animals (MSPCA) supports the bills. According to the nonprofit, pet stores lack transparency and frequently get animals from places with inhumane conditions. "The federal laws relating to these commercial breeding faciliti…

5 hours ago·East Providence, United States

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Reuters

+3 Reposted by 3 other sources

Center

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.

11 hours ago·United Kingdom

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The Globe & Mail

Center

Robinhood (HOOD) Faces Probe Over Prediction Markets Hub in Massachusetts

Detailed price information for Morgan Stanley (MS-N) from The Globe and Mail including charting and trades.

1 day ago·Canada

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CNN

Lean Left

Massachusetts regulator subpoenas Robinhood over sports betting

Massachusetts regulators are investigating Robinhood over launching a prediction markets hub, a way of letting users bet on its platform.

1 day ago·Atlanta, United States

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Bloomberg

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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.

1 day ago·United States

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egr.global

Robinhood event contracts probed in Massachusetts amid “gimmick” accusation

The Massachusetts secretary of state, Bill Galvin, has opened an investigation into Robinhood amid concerns over its prediction markets hub. The product allows users to trade sports event contracts based on what they think the outcome will be of certain fixtures, such as the March Madness college basketball tournament. Earlier this month, Robinhood confirmed its return to the event contracts space with the launch of its March Madness contracts…

14 hours ago

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