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Connecticut orders Robinhood, Crypto.com, Kalshi to stop prediction markets
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Why This Matters
Connecticut has ordered Robinhood, Crypto.com, and Kalshi to stop offering prediction markets, citing unlicensed sports betting. The cease and desist letters were sent due to the platforms' event contracts, which are considered a form of sports betting. This move may impact the companies' operations in the state.
Market Impact
Market impact analysis based on bearish sentiment with 70% confidence.
Sentiment
Bearish
AI Confidence
70%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Connecticut has sent cease and desist letters to Robinhood, Crypto.com and Kalshi, claiming the platforms' event contracts are unlicensed sports betting.
Original article published by
Unknown
on December 4, 2025.
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Analysis and insights provided by AnalystMarkets AI.