Connecticut Orders Cease and Desist to Crypto.com, Kalshi, and Robinhood Over Illegal Sports Wagers
The Connecticut Department of Consumer Protection (DCP) recently issued cease-and-desist orders to three major platforms—Crypto.com, Kalshi, and Robinhood—demanding they cease offering and advertising sports event contracts in the state. This action, announced on December 2, 2025, places Connecticut alongside other states that have already moved to regulate prediction markets, with some using similar measures to combat what […]
The Connecticut Department of Consumer Protection (DCP) recently issued cease-and-desist orders to three major platforms—Crypto.com, Kalshi, and Robinhood—demanding they cease offering and advertising sports event contracts in the state. This action, announced on December 2, 2025, places Connecticut alongside other states that have already moved to regulate prediction markets, with some using similar measures to combat what […]
