Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting

Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting

The state issued cease-and-desist orders to the firms to stop conducting "unlicensed online gambling" via their sports events contracts.

Connecticut Regulators Order Kalshi, Robinhood, and Crypto.com to Halt 'Illegal' Sports Betting

The Order: Connecticut’s DCP issued immediate cease-and-desist orders to Kalshi, Robinhood, and Crypto.com for operating unlicensed sportsbooks. The Charge: State regulators rejected the “Event Contract” classification, legally defining the products as “sports wagering” subject to state licensing. The Stakes: The move escalates a state-vs-federal turf war, challenging the CFTC’s authority to sanction prediction markets that mimic gambling. The s…

Connecticut Escalates Anti-Crypto War With New Crackdown – #CryptoUpdatesGNIT

Connecticut has ordered Kalshi, Robinhood, and Crypto.com to halt event-based contracts immediately, deepening its aggressive stance against digital assets. The decision exposes a widening regulatory rift between state gambling laws and federal derivatives oversight. Sponsored Sponsored A New Flashpoint in Connecticut’s Anti-Crypto Campaign Connecticut has issued cease-and-desist orders to Kalshi, Robinhood Derivatives, and Crypto.com, accusing …

Connecticut Halts Robinhood, Kalshi & Crypto.com Event Betting - Coin Surges

The post Connecticut Halts Robinhood, Kalshi & Crypto.com Event Betting appeared first on Coinpedia Fintech News Connecticut’s Department of Consumer Protection has ordered Kalshi, Robinhood and Crypto.com to stop offering sports event contracts, saying they are running unlicensed online gambling in the state. The firms must immediately halt advertising and providing these products to Connecticut users and allow residents to withdraw funds. Regu…

Robinhood, Kalshi and Crypto.com Face Prediction Markets Crackdown as State Regulators Call it Illegal Gambling

Connecticut regulators sent cease and desist letters to three prediction market platforms yesterday (Wednesday), claiming Robinhood, Crypto.

Connecticut Orders Robinhood, Crypto.com, Kalshi Stop Event Contracts

The United States state of Connecticut has actually struck Robinhood, Kalshi and Crypto.com with stop and desist orders, implicating the platforms of providing unlicensed sports wagering through occasion agreements. The Connecticut Department of Customer Defense (DCP) corresponded to the 3 platforms on Wednesday, declaring they were “performing unlicensed online betting, more particularly sports betting,” with occasion agreements offered online.…