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Judge Blocks Connecticut From Enforcing Gambling Laws Against Kalshi—for Now – Decrypt
In brief A federal judge has ordered Connecticut regulators to refrain from enforcement action against prediction market Kalshi pending a preliminary injunction decision. The order follows cease-and-desist letters Connecticut issued last week to Kalshi, Robinhood, and Crypto.com over alleged unlicensed sports gambling. Kalshi says its CFTC designation grants exclusive federal jurisdiction, while Connecticut claims the...
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