The gaming division of the Connecticut Department of Consumer Protection has opened an investigation into Kalshi, adding to the list of states that are taking a closer look at the federally regulated prediction market’s products.
A spokesperson for the regulator told Covers the investigation began in the fall, but added they did not have an ETA for when a conclusion could be reached or information about what the result may be.
Connecticut’s concerns about Kalshi are not entirely clear.
However, the New England state is not the only one scrutinizing the company’s operations, as Kalshi’s launch of sports-related event contracts earlier this year helped triggered recent cease-and-desist letters from regulators in Nevada, New Jersey, and Ohio.
