Wu Blockchain (@WuBlockchain): Connecticut has issued cease-and-desist orders to Kalshi, Robinhood and Crypto com, accusing them of operating unlicensed online sports betting throug…
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Connecticut has issued cease-and-desist orders to Kalshi, Robinhood and Crypto com, accusing them of operating unlicensed online sports betting through event-based contracts. The firms were ordered to immediately stop offering or promoting such services to state residents. Robinhood and Kalshi argue their products are federally regulated by the CFTC. https://t.co/dwVUSjxEeG