There are plenty of ways to wager money on who will win the NCAA basketball tournaments — now you can make bets in the same place you buy stocks or crypto.

Securities regulators in Massachusetts have reportedly launched a probe into Robinhood’s prediction markets. According to a March 24 report by Reuters, Massachusetts Secretary of State Bill Galvin said that his office subpoenaed Robinhood last week to obtain information regarding the company’s marketing materials and the number of users based in Massachusetts who traded sports event

Robinhood’s latest foray into prediction markets is already under fire — this time from Massachusetts, where the state’s top securities regulator has launched an investigation into the brokerage’s new prediction market hub,