Finance
Connecticut issues cease-and-desist orders to 'illegal' prediction markets
Sep 11, 2026 00:01:46
The State of Connecticut announced a new round of cease-and-desist orders targeting what it calls illegal prediction markets offering sports wagers. The action, announced Thursday, is the latest in a series of enforcement steps by the state against operators it alleges are running unauthorized sports betting platforms.
State-level cease-and-desist actions create a patchwork compliance risk for prediction market platforms even when federally regulated, as states can still challenge sports-linked event contracts under local gambling laws.
Source: PREDICTION_NEWS
