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Massachusetts Subpoenas Robinhood Over College Sports Betting

3/24/2025

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Summary

Story summary

Massachusetts Secretary of State Bill Galvin has issued a subpoena to Robinhood over its new prediction markets hub, which enables users to wager on college sports. The inquiry aims to uncover potential gambling connections, particularly among youth. While Robinhood insists it adheres to regulations, Galvin denounces the platform as a mere ploy to lure in investors.

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Story summary

Massachusetts Secretary of State Bill Galvin has issued a subpoena to Robinhood over its new prediction markets hub, which enables users to wager on college sports. The inquiry aims to uncover potential gambling connections, particularly among youth. While Robinhood insists it adheres to regulations, Galvin denounces the platform as a mere ploy to lure in investors.