Key Moments: On December 2, Connecticut’s DCP sent cease-and-desist letters to Kalshi, Robinhood, and Crypto.com regarding unlicensed sports-related event contracts Kalshi responded by filing a lawsuit and seeking an injunction in Connecticut District Court the next day Robinhood and Crypto.com have not taken legal action as of the time the article was written State Enforcement Actions Target Sports Event Markets On December 2, Connecticut’s Department of Consumer Protection (DCP) sent cease-and-desist letters to Robinhood, Kalshi, and Crypto.com. The agency argued that their sports-related event contracts for Connecticut residents amount to…
Read MoreKalshi Sues to Halt Connecticut’s Cease-and-Desist Over Event Contract Markets
