Connecticut has filed a lawsuit against prediction market operator Kalshi, seeking a court injunction to prevent the platform from offering what state officials describe as unlicensed sports betting, according to a press release.
The lawsuit was announced by Attorney General William Tong, Governor Ned Lamont, and Department of Consumer Protection Commissioner Bryan Cafferelli. The state argues that Kalshi’s sports event contracts constitute gambling under Connecticut law.
Tong said, “Sports event contracts are no different than sports betting and are not magically shielded by federal law from Connecticut’s commonsense consumer protection laws. These laws exist for a reason—to protect minors, to prevent problem gambling, to ensure your money is safe and your personal information is protected.
