Maryland orders Robinhood, Kalshi and Crypto.com to stop sports event contracts
Maryland's Lottery and Gaming Control Commission sent cease-and-desist letters to Robinhood, Kalshi and Crypto.com, directing them to stop offering sports event contracts in the state. Director John Martin said officials view the contracts as unlicensed sports wagering; the companies were told their markets violate Maryland gaming laws, and the source reports no response from them.
The letters challenge the companies' ability to offer sports event contracts in Maryland without a state gambling licence.