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Connecticut hits Kalshi, Robinhood, Crypto.com over sports event contracts

Connecticut orders Kalshi, Robinhood, and Crypto.com to halt sports event contracts, classifying them as illegal online gambling despite firms’ claims of CFTC oversight. Summary Connecticut’s consumer protection regulator issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com over sports-linked event contracts.​ The state classifies the products as unlicensed online gambling, citing [...]

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