Kalshi sues Connecticut regulator over sports event contracts
Kalshi sued Connecticut’s Department of Consumer Protection after the regulator sent cease-and-desist letters to Kalshi, Robinhood and Crypto.com over sports-related event contracts on 2 December. Kalshi is seeking an injunction and argues that federal law pre-empts state gaming rules; the regulator said the companies lack state sports wagering licences and that their contracts breach state laws and policies.
The lawsuit challenges Connecticut’s authority to restrict Kalshi’s sports event contracts and could affect the state’s enforcement action.