Connecticut Orders Robinhood and Other Platforms to Halt Event-Based Betting
Connecticut issues cease-and-desist orders to Robinhood and others over unlicensed event-based betting, raising concerns about legality and consumer protections. Connecticut has issued cease-and-desist orders against Robinhood and several platforms for offering event-based betting without licenses. The state argues that its contracts are very similar to sports wagering and contravene gambling laws. Moreover, regulators are warning...
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