In a sharp policy shift, the NCAA Division I Administrative Committee has approved a proposal that would allow college athletes and athletic department staff to place bets on professional sports. If Divisions II and III sign off in their meetings this month, the rule could go into effect as early as November 1. Crucially, betting […]
NCAA
Robinhood’s March Madness Betting Stirs Regulatory Concerns in Massachusetts
Massachusetts has initiated a formal investigation into Robinhood’s new prediction-markets feature, which allows users to bet on NCAA March Madness outcomes. This development has triggered alarms among state regulators, prompting them to question the platform’s approach to blending investment activities with gambling tendencies. Subpoena and Concerns from Secretary of the Commonwealth Bill Galvin, the Secretary […]
