Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting
The state of Connecticut fired a legal volley against sports events contracts with a trio of cease-and-desist orders sent on Wednesday to major prediction-market operations — Robinhood, Kalshi and Crypto.com. The state’s Department of Consumer Protection accused the companies of “conducting unlicensed online gambling, more specifically sports wagering.”Each of the companies are “hereby ordered to...
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