Connecticut sues Kalshi over alleged 'illegal, unlicensed' sports betting operation

Connecticut sues Kalshi to block alleged unlicensed sports gambling

An app for Kalshi, an online prediction market site, is shown on Feb. 25, 2026, in Chicago. Online prediction market platforms allow people to place bets on wide-ranging subjects such as sports, finance, politics and currents events. (Photo Illustration by Scott Olson/Getty Images) (NEW YORK) — The state of Connecticut sued Kalshi on Thursday to block alleged unlicensed sports gambling offered by the online betting platform, the Office of the At…

Connecticut sues Kalshi over unlicensed sports event contracts

Connecticut has sued Kalshi and asked a court to block the prediction market platform from offering sports event contracts that state officials classify as unlicensed sports wagering. The Connecticut Attorney General’s Office said Wednesday that Attorney General William Tong, Department…

Connecticut sues Kalshi over alleged 'illegal, unlicensed' sports betting operation

HARTFORD, Conn. (WTNH) — The State of Connecticut has filed a lawsuit against Kalshi, accusing the prediction market company of running an illegal sports wagering operation. The lawsuit, filed on Wednesday, was announced by Attorney General William Tong, Gov. Ned Lamont and Department of Consumer Protection Commissioner Bryan T. Cafferelli. The state is seeking a [...]

Connecticut Sues Kalshi to Prohibit Sports Event Contracts, But Immediate Ban Already Rejected

Connecticut officials this week filed a lawsuit to prohibit Kalshi from offering markets it claims is illegal, unlicensed sports betting in the Constitution State. Attorney General William Tong, Gov. Ned Lamont (D), and Department of Consumer Protection Commission Bryan T. Cafferelli filed the lawsuit in Connecticut Superior Court against Kalshi this week seeking a court … Continued The post Connecticut Sues Kalshi to Prohibit Sports Event Contr…

Kalshi Sued by Connecticut Over Access for 18-Year-Olds

Kalshi's latest capital raise landed in the same week its state-level legal problems escalated. On August 26, FinanceFeeds reported that a new Form D showed about $1.12 billion of equity sold under a $1.5 billion offering, with roughly $380 million still available. Kalshi Raises $1.12 Billion With $380 Million Still Available Hours later, Connecticut filed a lawsuit that goes beyond the familiar fight over whether sports event contracts are fede…

Kalshi’s sports betting battle spreads to another US state

The state of Connecticut has filed a legal suit against Kalshi on Wednesday, August 26, questioning the validity of various contracts of the platform relating to sports events and adding a new dimension to a legal battle that has the potential to shape the course for cryptocurrency-related prediction markets in the United States. The state filed the lawsuit in Hartford Superior Court under the name Connecticut v. KalshiEX, LLC, No. HHD-CV-26-623…