Connecticut Bans Robinhood, Kalshi, Crypto.com Prediction Markets

Connecticut cracks down on online prediction markets: Robinhood, Kalshi, and Crypto.com receive cease and desist orders for unlicensed online gambling. Robinhood and Kalshi assert federal regulation, while Crypto.com remains silent. Kalshi files lawsuit against Connecticuts claims. Draft Kings, FanDuel, and Fanatics remain the only eligible sports wagering providers. Non-compliance may result in penalties, as New York and Nevada face similar legal disputes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.