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.
Trust Wallet launched native prediction markets on Dec. 2, integrating Myriad on BNB Chain to let its ~200 million users trade real-world event outcomes, with Polymarket and Kalshi coming soon.
Kalshi has selected Coinbase Custody to hold its USDC reserves, bolstering the infrastructure behind U.S. event-based trading. The move aims to strengthen security, compliance and market confidence for the regulated prediction market.