Connecticut Orders Nine Prediction Market Companies to Stop Offering Sports Bets

CT Takes More Action Against Prediction Markets Alleged To Offer Sports Betting

The American Gaming Association estimates $40 billion will be wagered on the NFL using prediction markets this year. On the first day of the 2026 college football season last week, one prediction market reported nearly $250 million in trading volume on college football alone, according to Lamont’s office.

CT sends cease-and-desist orders to 9 prediction markets

Connecticut has sent cease-and-desist letters to nine prediction markets, accusing them of operating illegally.

Connecticut orders nine prediction market companies to stop offering sports bets

The Connecticut Department of Consumer Protection has issued cease-and-desist orders to nine companies it accuses of illegally operating prediction markets in the state.

Connecticut officials issue cease-and-desist letters to prediction markets

Connecticut is looking to stop numerous prediction markets from running what the state is calling illegal activity here. State officials said it sent cease-and-desist orders to nine companies. The Connecticut Department of Consumer Protection (CT DCP) said those nine companies were operating illegally in the state, including Robinhood, Polymarket, and Coinbase. Officials said prediction markets that offer sports wagers in...

Connecticut orders nine prediction markets to halt sports event contracts

Connecticut has ordered nine prediction market platforms to stop offering sports event contracts to residents as the state broadens its enforcement against what it considers illegal, unlicensed sports betting. The Department of Consumer Protection issued cease-and-desist orders to Polymarket, Coinbase, Crypto.com, Robinhood, ProphetX, Novig, Webull, Gemini, and Underdog Predict. The companies were...

Connecticut Sends Cease-and-Desist Orders Affecting Sports Contracts on Nine Exchanges

Connecticut gambling regulators have ordered Polymarket and others to stop offering sports event contract trading to people in the state.