Massachusetts Regulators Investigate Robinhood Over Illegal Sports Betting Concerns
Robinhood recently launched a predictions-market product that allows users to make predictions on a broad menu of events, including the March Madness basketball tournament. Massachusetts Secretary of State Bill Galvin is concerned that the company may have linked sports betting to investing customers.
Robinhood ups the ante on March Madness with new prediction markets hub
This isn’t Robinhood’s first foray into the predictions market. In 2024, the broker allowed customers to trade on the outcome of the presidential election. Earlier this year, at the request of the CFTC, Robinhood called off a wider launch of event trading organized around the Super Bowl.
As Robinhood faces an investigation from Massachusetts regulators over its recently launched sports prediction markets for ...
It might be a good choice if you want a prepaid debit card that links to your Robinhood accounts and helps you set aside money for investing. However, if you're aren't looking to invest and save ...
NEW YORK, NY / ACCESS Newswire / March 26, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Robinhood ...
Robinhood is one of very few companies that gives us meaningful performance data every month instead of every quarter. Read ...
Robinhood's competitive strategy can help new investors start their portfolios. In addition, accounts are insured by the U.S. government for up to $500,000, offering a sense of security.
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