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Connecticut issues nine cease-and-desist orders against prediction market operators
By SectorWire desk ·
Summary
Connecticut issued nine cease-and-desist orders targeting prediction market operators, including Polymarket, Robinhood and Underdog on 11 September. Governor Ned Lamont alleged that operators offering sports event contracts were breaching state gaming laws.
Why it matters
Prediction market operators face Connecticut cease-and-desist orders over alleged breaches of state gaming laws involving sports event contracts.