Connecticut Slams Kalshi, Robinhood, Crypto.com with Cease-and-Desist for Illegal Gambling
Connecticut Slams Kalshi, Robinhood, and Crypto.com with Cease-and-Desist Over Unlicensed Gambling Connecticut has dropped a regulatory bomb on fintech and crypto giants Kalshi, Robinhood, and Crypto.com, issuing cease-and-desist orders for offering unlicensed online gambling through sports-style prediction markets. The state’s Department of Consumer Protection claims these platforms are peddling illegal wagers under the guise of […]
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