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Connecticut has ordered Kalshi, Robinhood, and Crypto.com to stop offering unlicensed sports event contracts due to concerns about age verification, security, and consumer protections. The platforms argue against the order, with Kalshi challenging it in federal court, Robinhood citing CFTC oversight, and Crypto.com yet to respond. This move by Connecticut is part of a larger legal battle over the distinction between trading and gambling in prediction markets.
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