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Robinhood’s Prediction Markets Under Scrutiny From Massachusetts Top Regulator

  • Massachusetts securities regulator is investigating Robinhood's prediction-markets hub.
  • The investigation aims to examine the implications of connecting sports betting with brokerage accounts, especially among young investors.
  • There are concerns that Robinhood's actions could be viewed as a tactic to attract investors through gambling events.
  • The subpoena issued to Robinhood seeks information on users in Massachusetts who have shown interest in trading college sports event contracts.

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