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Arizona Department of Gaming orders three prediction markets to cease operations

Enforcement & compliance

Arizona's Department of Gaming sent cease-and-desist letters to Crypto.com, Kalshi and Robinhood over their sports-event contracts. The department said Kalshi's offering was not meaningfully different from sports betting and alleged violations including access for people under 21 and inadequate safer-gambling tools; Kalshi has rejected similar state orders elsewhere.

The orders challenge whether these sports-event contracts can be offered in Arizona without complying with state gambling rules.

Earlier fines and penalties by ADG and Commodity Futures Trading Commission

DateCompanyAmountStoryAppeal status
Modo.us, BITMODONot statedArizona Department of Gaming orders unlicensed operators to stop serving residentsNot stated
KalshiNot statedConnecticut DCP investigates Kalshi over alleged state-law breachesNot stated

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Enforcement & compliance

New York attorney general orders 26 sweepstakes casinos to cease operations

New York Attorney General Letitia James issued cease-and-desist letters to 26 online sweepstakes casino operators over games using virtual coins redeemable for cash or prizes, according to the report. The attorney general’s office said the model may violate state gambling law; the report says the operators named in the letters are ending sales of sweepstakes coins in New York.

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