Massachusetts Investigates Robinhood Over March Madness Prediction Markets
Massachusetts regulators have launched an investigation into Robinhood’s latest venture, a prediction-markets hub that allows users to place bets on the outcomes of the NCAA’s March Madness basketball tournaments. The move has drawn concerns from state officials, who question whether the trading platform is blurring the lines between investing and gambling. Secretary of the Commonwealth […]
Massachusetts regulators have launched an investigation into Robinhood’s latest venture, a prediction-markets hub that allows users to place bets on the outcomes of the NCAA’s March Madness basketball tournaments. The move has drawn concerns from state officials, who question whether the trading platform is blurring the lines between investing and gambling. Secretary of the Commonwealth […]
