Connecticut sued prediction market company Kalshi on Thursday, seeking to block the platform from offering sports-based wagers in the state and accusing the company of illegally operating an unlicensed sports betting business.
The lawsuit, filed by Attorney General William Tong, a Democrat, argues that Kalshi’s sports event contracts are no different from traditional sports wagers and therefore must comply with Connecticut laws requiring sports betting operators to obtain a state license and follow regulations designed to protect consumers.
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