Kalshi Faces Connecticut Crackdown as Legal Battle Deepens

TLDR Connecticut has sued Kalshi to stop the platform from offering sports-related event contracts in the state. Attorney General William Tong argues Kalshi’s sports contracts function like sports betting and must follow state gambling laws. Kalshi says its markets are federally regulated derivatives under the Commodity Futures Trading Commission (CFTC). A federal judge recently denied [...]

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