Connecticut launched a legal offensive into sports contracts, issuing cease-and-desist notices on Wednesday to three major prediction market operators - Robinhood, Kalshi and Crypto.com - that the state's consumer protection division accused of engaging in "unlicensed sports betting".
According to the state notice, these companies are "hereby ordered to immediately cease and terminate advertising, offering, promoting, or in any way making available contract or other form of unlicensed online gambling to Connecticut residents."
Robinhood argued Wednesday that the company is regulated by the U.S. federal government.
Connecticut orders Kalshi, Robinhood, Crypto.com to stop sports betting
2025-12-04 00:14:21
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