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Connecticut sues Kalshi over sports event contracts as judge denies bid to block state enforcement, BitRss reports
- Connecticut sues Kalshi over sports event contracts as judge denies bid to block state enforcement, BitRss reports — Connecticut Attorney General William Tong sued Kalshi to stop its sports-related event contracts, arguing they function like sports betting under state gambling law. A federal judge denied Kalshi's request for a preliminary injunction earlier this month and the company appealed to the Second Circuit, while the CFTC has separately sued Connecticut, Arizona and Illinois defending federal authority over registered markets. (BitRss)
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