Connecticut Orders Robinhood, Crypto.com, & Kalshi To Stop Prediction Markets [zero hedge]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: zero hedge
Connecticut Orders Robinhood, Crypto.com, & Kalshi To Stop Prediction Markets Connecticut’s Department of Consumer Protection issued cease-and-desist orders to Kalshi, Robinhood and Crypto.com, alleging that the platforms are conducting unlicensed online gambling there. “Only licensed entities may offer sports wagering in the state of Connecticut,” DCP commissioner Bryan T. Cafferelli said in a statement on Wednesday. “None of these entities possess a license to offer wagering in our state, and even if they did, their contacts violate numerous other state laws and policies, including offering wagers to individuals under the age of 21.” DCP Gaming Director Kris Gilman accused the platforms of “deceptively advertising that their services are legal,” adding that they operate outside of the state’s regulatory environment, “posing a serious risk to consumers who may not realize that wagers placed on these illegal platforms offer no protections for their money or information.” As CoinTelegr
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DKNG
News
- Battle for sports betting market heats up as Polymarket announces return to the U.S. [Fortune]Fortune
- CNBC Sport: U.S. men's soccer is sick of losing the World Cup — and now it has a plan [CNBC]CNBC
- DraftKings (DKNG): Assessing Valuation After Analyst Support and New Product Launches [Yahoo! Finance]Yahoo! Finance
- DraftKings (DKNG) Stock Is Up, What You Need To Know [Yahoo! Finance]Yahoo! Finance
- Fanatics launches prediction market in 24 states [CNBC]CNBC
DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- DKNG's page on the SEC website