Connecticut sues Kalshi to block alleged unlicensed sports gambling

Prediction Markets Face Increased Scrutiny Over Insider Trading Allegations An app for Kalshi, an online prediction market site, is shown on Feb. 25, 2026, in Chicago. Online prediction market platforms allow people to place bets on wide-ranging subjects such as sports, finance, politics and currents events. (Photo Illustration by Scott Olson/Getty Images) (Scott Olson/Getty Images)
By Max Zahn, ABC News

(NEW YORK) -- The state of Connecticut sued Kalshi on Thursday to block alleged unlicensed sports gambling offered by the online betting platform, the Office of the Attorney General said.

This is a developing story. Please check back for updates.

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