Connecticut Sues Kalshi Over Sports Wagers
The state wants to bar the prediction-market platform from offering unlicensed event contracts after an earlier injunction fight failed.
The state wants to bar the prediction-market platform from offering unlicensed event contracts after an earlier injunction fight failed.
The campaign focuses on California, Texas, Georgia and Florida, where sports betting is limited or banned and event contracts have found demand.
The 3-0 ruling said the wagers are sports bets, not swaps, in a setback for Kalshi, Crypto.com and Robinhood.
The group reaffirmed 2026 guidance after Q2 net revenue rose 27% and adjusted EBITDA 29%.
The rollout gives the operator its 18th U.S. state as football season nears
Live betting, data licensing and direct-to-consumer products are pulling leagues and media companies toward a more interactive business.
They say the change would siphon tribal gaming revenue and clash with Indian gaming law.
The company says it will standardise operator comparisons, add audits and expand coverage as sweepstakes and social casino gambling faces growing scrutiny.
iGaming remained the main driver, while online sports betting posted a sharp rebound in taxable receipts
The two-week promo pays $2,500 a week in tournament tickets to regulars who cash in qualifying events.
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