Connecticut committee hears bill to restrict prediction markets for under-21s

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Connecticut’s General Law Committee heard testimony on HB 5038 on 18 February. The bill would bar prediction-market platforms from accepting users under 21, require age and location checks, and restrict youth-oriented advertising and direct marketing. The state Department of Consumer Protection previously ordered Kalshi, Robinhood’s derivatives arm and Crypto.com to stop offering what it called unlicensed online gambling through sports event contracts.

If enacted, HB 5038 would impose age, location and advertising requirements on prediction-market platforms in Connecticut.

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Regulation21 Aug 2026

CFTC chair proposes new prediction market rules at advisory committee meeting

CFTC chair Michael Selig proposed new prediction market rules at the agency’s first Innovation Advisory Committee meeting on Thursday. Selig also defended federal oversight against challenges concerning legality and self-certification limits.

Connecticut committee hears bill to restrict prediction markets for under-21s

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CFTC chair proposes new prediction market rules at advisory committee meeting

CFTC outlines prediction market rule changes after advisory committee debate

Pennsylvania refers prediction market bill to consumer protection committee

New Jersey committee advances 9% tax on prediction-market revenue

US Senate committee holds hearing on sports betting and prediction markets