Connecticut orders Kalshi, Robinhood, and Crypto.com to halt sports event contracts, classifying them as illegal online gambling despite firms’ claims of CFTC oversight. Connecticut’s Department of Consumer Protection has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com, requiring the companies…
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Editor’s Analysis
Connecticut hits Kalshi, Robinhood, Crypto.com over sports event contracts continues to draw attention due to its market movement and investor sentiment. While this news is significant, it’s important to consider long-term fundamentals and avoid reacting solely based on short-term hype.
This content is for informational purposes only and should not be taken as financial advice.
Credit: Andrew Folkler
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