Connecticut gambling regulator takes legal stand against prediction markets
The Department of Consumer Protection Gaming Division has issued Kalshi, Robinhood and Crypto.com with cease-and-desist letters.
The Department of Consumer Protection Gaming Division has issued Kalshi, Robinhood and Crypto.com with cease-and-desist letters.
The launch will be separated into two phases, with the December 3 unveiling featuring contracts for sports, finance, economics and politics, while early 2026 will add crypto, stocks and more.
A LinkedIn post by CEO Tarek Mansour appears to confirm a $1bn investment in the prediction market.
Casino revenue dips month-on-month in November.
The operator formed a multi-year partnership with the Kansas City Royals MLB franchise to gain market access in Missouri but was still under review for a sports betting license from the MGC.
Miami International Holdings has announced the sale of 90% of its MIAX Derivatives Exchange to Robinhood Markets in partnership with SIG, while retaining a 10% stake.
CEO Michael Rubin said the operator will be launching its new Fanatics Predicts offering within the next few weeks through a partnership formed with Crypto.com.
The Maryland Lottery and Gaming Control Commission stated offering a sporting event contract through a DCM without a valid sports wagering license would be deemed as an 'illegal activity.'
FanDuel and DraftKings have exited the American Gaming Association (AGA) amid prediction market dispute.
Lawmakers in the Empire State tabled a bill this week which could all but eliminate sports and events-related prediction markets.