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Connecticut orders nine prediction-market operators to stop offering sports contracts
By SectorWire desk ·
Summary
Connecticut's Department of Consumer Protection issued cease-and-desist orders to nine prediction-market operators this week on 11 September. The orders require platforms to halt sports event contracts and other alleged unlicensed online gambling and permit customer withdrawals. Investigators also issued nearly 30 subpoenas; recipients are not necessarily under investigation.
Why it matters
Connecticut’s orders require nine platforms to halt sports event contracts and other alleged unlicensed online gambling while permitting withdrawals.