SectorWire
SearchGet the daily briefing
Menu

Connecticut lawmakers advance bills on sports betting advertising and integrity

Regulation

Connecticut lawmakers passed House Bill 5229 and Senate Bill 296, sending both measures to Governor Ned Lamont for approval, according to the report. The proposals would limit sportsbook advertising at college venues and on university platforms, mandate a study of prediction markets, and make match-fixing and insider betting felony offences.

If enacted, the bills would change sportsbook marketing rules and raise the legal consequences of sports betting integrity violations.

Request a correction

Keep reading

Enforcement & compliance

Connecticut asks nine prediction market companies to stop sports contracts

Connecticut officials asked nine companies to stop providing sports event contracts to state residents. Officials also warned that the platforms’ rapid growth could expose certain groups to risk.

Connecticut's Department of Consumer Protection has issued cease-and-desist orders to nine prediction market operators, asking them to stop offering sports event contracts to residents of the state. The department said the companies are offering sports wagers without the licences required under Connecticut law.

Continue reading