Connecticut sues Kalshi over sports event contracts in months-long legal feud

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Connecticut has filed a lawsuit against prediction market Kalshi regarding sports event contracts. This legal action represents the latest development in a months-long dispute between the state and the platform. Jovy Dedaj, Kalshi’s Head of Litigation, criticized the move as arbitrary and inconsistent enforcement. Notably, other prediction market platforms continue to operate legally in Connecticut despite this action against Kalshi.

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