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massachusetts investigates robinhood's prediction markets amid gambling concerns

JPMorgan and Walmart have launched embedded finance solutions for online sellers, while Massachusetts' securities regulator is investigating Robinhood's new prediction-markets hub. Secretary of State Bill Galvin expressed concerns over the potential gambling implications of event contracts linked to brokerage accounts, describing them as a gimmick to attract investors. Robinhood maintains that its prediction markets are regulated and aims to provide a safe trading environment for users.
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Walmart Inc. JPMorgan Chase & Co. Robinhood Markets, Inc. USA Jb Mackenzie Bill Galvin Show more
Regulatory & Legal, News Article
01:23 25.03.2025
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