CNN —
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.
Secretary of the Commonwealth of Massachusetts Bill Galvin sent a subpoena to Robinhood on March 20 over the company’s decision to launch its prediction markets hub, a spokesperson for the secretary confirmed to CNN. The probe was first reported by Reuters.
Robinhood on March 17 launched its new hub for prediction markets — basically a form of betting on everything from basketball games in the NCAA
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