Connecticut Targets Robinhood, Kalshi, and Crypto.com Over Unlicensed Sports Betting

Connecticut is taking a strong stance against three major players in digital finance: Kalshi, Robinhood, and Crypto.com. The companies are being accused of operating illegal sports betting without state licenses, prompting the issuance of injunctions to immediately halt their activities targeting Connecticut residents. This move signifies a significant shift in the landscape of online prediction markets.