CONNECTICUT SUES KALSHI — BLOCKS 'UNLICENSED' SPORTS GAMBLING

Connecticut AG going after Kalshi for running unlicensed sports gambling ops—claiming the prediction market platform sidestepped state licensing requirements. Move signals regulators tightening the screws on gray-area betting platforms operating without explicit approval, bad news for anyone holding exposure to Kalshi's growth narrative.

Major enforcement action against prediction market; real-time regulatory risk.