Tagged: conneticut

Connecticut Files Lawsuit Against Kalshi, Seeking Ban on Unlicensed Sports Event Contracts

Connecticut officials have taken prediction-market operator Kalshi to state court, asking a judge to halt what they describe as unlicensed sports betting offered through the company’s event contracts. Attorney General William Tong, Consumer Protection Commissioner Bryan T. Cafferelli, and Governor Ned Lamont announced the action… Read More

Connecticut Judge Rules Kalshi Sports Contracts Never Qualified as Swaps

Gavel Court Legal Trial Law rawpixel unsplash

A federal judge in Connecticut has rejected prediction-market operator Kalshi’s bid for emergency protection from state gambling enforcement, determining that the company’s sports-related event contracts do not meet the legal definition of swaps under federal commodities law. As a result, the Commodity Futures Trading Commission’s… Read More

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