Department of Consumer Protection News & Prediction Market Coverage
Track the latest Department of Consumer Protection news across prediction markets. Prediction News is following 4 active Department of Consumer Protection stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Connecticut cease-and-desist orders push three prediction market companies to exit state
LegalConnecticut orders nine prediction markets to halt sports contracts
LegalConnecticut sues Kalshi to block sports event contracts
LegalConnecticut judge denies Kalshi injunction, rules sports contracts are not swaps
Frequently Asked Questions
What actions has Connecticut's Department of Consumer Protection taken against Kalshi?
In December 2025, the DCP Gaming Division ordered Kalshi to cease and desist offering unlicensed sports event contracts to Connecticut residents, citing violations of state gambling and consumer protection laws. In August 2026, the DCP joined the Attorney General in suing Kalshi to block the contracts.
Does the Connecticut Department of Consumer Protection regulate sports betting?
Yes. The DCP's Gaming Division oversees regulation of legalized sports wagering, including licensing and enforcement against unlicensed operators.
Is Kalshi licensed by the Connecticut DCP for sports wagering?
No. The DCP has stated that Kalshi does not hold a required online gaming operator’s license under Connecticut law.
What consumer protection concerns has the DCP raised about Kalshi?
The DCP has cited risks to consumers from lack of platform standards for money and data protection, advertising to minors and self-excluded individuals, and deceptive marketing of sports contracts as investments rather than wagers.
What is the status of the Connecticut lawsuit against Kalshi?
As of late August 2026, the state has filed suit seeking an injunction; a federal judge earlier denied Kalshi’s request to block enforcement, and Kalshi has appealed.