Robinhood recently launched a predictions-market product that allows users to make predictions on a broad menu of events, including the March Madness basketball tournament. Massachusetts Secretary of State Bill Galvin is concerned that the company may have linked sports betting to investing customers.

Massachusetts' top securities regulator has launched an investigation into trading platform Robinhood's decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events,

Madness office betting pool doesn’t quite scratch your itch for action, Robinhood’s (HOOD) got you covered. This week, the broker launched a prediction markets trading platform in the Robinhood app, enabling customers to “engage with events that align with their interests” by trading contracts on the outcome of specific real-world events.