Blockchain Report on Nostr: Connecticut is taking legal action against Kalshi, seeking to halt its unlicensed ...

Connecticut is taking legal action against Kalshi, seeking to halt its unlicensed sports prediction markets. The state's Attorney General's office has filed a lawsuit and requested a court injunction, asserting that these contracts are essentially sports betting. Kalshi, in response, has criticized the state's enforcement as "arbitrary and inconsistent," pointing to other operational prediction markets and arguing for federal regulatory oversight. A previous attempt by Kalshi to block state enforcement was unsuccessful, with a local court dismissing their preliminary injunction request.

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