Connecticut sues Kalshi over alleged 'illegal, unlicensed' sports betting operation

Connecticut sues Kalshi over unlicensed sports event contracts

Connecticut has sued Kalshi and asked a court to block the prediction market platform from offering sports event contracts that state officials classify as unlicensed sports wagering. The Connecticut Attorney General’s Office said Wednesday that Attorney General William Tong, Department…

Connecticut sues Kalshi over alleged 'illegal, unlicensed' sports betting operation

HARTFORD, Conn. (WTNH) — The State of Connecticut has filed a lawsuit against Kalshi, accusing the prediction market company of running an illegal sports wagering operation. The lawsuit, filed on Wednesday, was announced by Attorney General William Tong, Gov. Ned Lamont and Department of Consumer Protection Commissioner Bryan T. Cafferelli. The state is seeking a [...]

Kalshi’s sports betting battle spreads to another US state

The state of Connecticut has filed a legal suit against Kalshi on Wednesday, August 26, questioning the validity of various contracts of the platform relating to sports events and adding a new dimension to a legal battle that has the potential to shape the course for cryptocurrency-related prediction markets in the United States. The state filed the lawsuit in Hartford Superior Court under the name Connecticut v. KalshiEX, LLC, No. HHD-CV-26-623…

Kalshi Faces Connecticut Crackdown as Legal Battle Deepens

TLDR Connecticut has sued Kalshi to stop the platform from offering sports-related event contracts in the state. Attorney General William Tong argues Kalshi’s sports contracts function like sports betting and must follow state gambling laws. Kalshi says its markets...