Connecticut Bans Robinhood, Kalshi, Crypto.com Prediction Markets
Update: 2025-12-04
Description
Connecticut cracks down on online prediction markets: Robinhood, Kalshi, and Crypto.com receive cease and desist orders for unlicensed online gambling. Robinhood and Kalshi assert federal regulation, while Crypto.com remains silent. Kalshi files lawsuit against Connecticuts claims. Draft Kings, FanDuel, and Fanatics remain the only eligible sports wagering providers. Non-compliance may result in penalties, as New York and Nevada face similar legal disputes.
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