Kalshi has asked the 2nd Circuit to block Connecticut from enforcing its gambling laws against the prediction market operator while its appeal moves forward.
A federal judge ruled Kalshi’s sports event contracts don’t qualify as swaps under the CEA, clearing the way for Connecticut to enforce its gambling laws against the prediction market operator.
Connecticut lawmakers passed HB5229 with overwhelming margins, sending a sweeping gambling reform package to Gov. Lamont that bans AI-driven personalized promotions, restricts credit card deposits, and mandates new consumer protections if signed.
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