Connecticut has issued cease and desist orders to three major online platforms, Robinhood, Kalshi, and Crypto.com, accusing them of operating unlicensed sports betting through their event contracts. The […]
Connecticut Cracks Down on Sports Prediction Markets, Suspending Major Players
Connecticut has taken a decisive stance against the burgeoning prediction market industry. The state’s Department of Consumer Protection (DCP) has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com, […]
Swiss Regulator Files Criminal Complaint Against FIFA over Blockchain Token Sales
The Swiss gambling authority Gespa has filed a criminal complaint against FIFA, alleging unlicensed gambling practices related to World Cup ticket sales via blockchain tokens offered through the […]
Kalshi Takes Legal Action Against States Over Sports Betting Contracts
Prediction market platform Kalshi has challenged state regulators’ cease-and-desist orders related to its sports-related event contracts, claiming they conflict with federal regulatory authority. The company argues that its […]