Kalshi Halts Connecticut's Enforcement Action
Update: 2025-12-10
Description
Federal Judge Halts Connecticuts Enforcement Against Kalshi: A Prediction Markets PlatformA federal judge has temporarily halted Connecticuts enforcement action against Kalshi, a prediction markets platform, after the company sued the states Department of Consumer Protection. Kalshi, which allows users to bet on event outcomes like sports and politics, argues its contracts are legal under federal law. The department has until January ninth to respond, with oral arguments expected in mid-February. Kalshi has been involved in similar legal battles across the country, highlighting the complex landscape of online prediction markets and their intersection with state-level gambling laws.
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