Connecticut orders Robinhood, Crypto.com, Kalshi to stop prediction markets
Connecticut has sent cease and desist letters to Robinhood, Crypto.com and Kalshi, claiming the platforms’ event contracts are unlicensed sports betting. The US state of Connecticut has hit Robinhood, Kalshi and Crypto.com with cease and desist orders, accusing the platforms of offering unlicensed sports betting through event contracts. The Connecticut Department of Consumer Protection (DCP)…