Connecticut bill proposes age and safer-gambling rules for prediction markets

Connecticut lawmakers are considering House Bill 5038, which would require prediction markets to verify users are at least 21 and located in the state, offer self-exclusion and deposit limits, and bar advertising to minors. The bill proposes fines of up to $10,000 per violation, rising to $50,000 for repeat offences, and enforcement from 1 July 2027 if approved. Kalshi opposes the measure, while Governor Ned Lamont supports it.