<ul><li>Massachusetts’ securities regulator has launched a probe over Robinhood’s prediction markets offering.</li><li>The probe focuses on Robinhood's marketing materials and the number of Massachusetts-based users trading sports events contracts on college basketball tournaments.</li><li>Concerns exist that the trading platform is linking gambling events to a brokerage account, particularly popular among young people.</li><li>Robinhood spokesperson stated that the event contracts are regulated and offered in a safe and regulated manner.</li></ul>

Massachusetts subpoenas Robinhood over sports prediction markets

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