Connecticut’s Department of Consumer Protection issued cease-and-desist orders on Dec. 4, 2025, accusing Robinhood, Crypto.com and Kalshi of offering unlicensed sports betting. The action underscores rising state enforcement against crypto-linked gambling and consumer risk concerns.
Connecticut state regulators issued cease-and-desist orders on Dec. 3, 2025, alleging Kalshi, Robinhood and Crypto.com offered unlawful sports-event contracts to users in the state. The action targets prediction-market style products that regulators say amount to unlicensed gambling.