[U.S. Judge Rules Connecticut Must Halt Enforcement Actions Against Kalshi]
On December 2, the Connecticut Department of Consumer Protection (DCP) accused Kalshi, Robinhood, and Crypto.com of conducting unlicensed online gambling activities in the state through online sports event contracts and issued a cease-and-desist order. Subsequently, Kalshi filed a lawsuit. On Monday, U.S. District Court Judge Vernon Oliver ruled that during the court's review of Kalshi's request to temporarily block regulatory actions, the DCP must refrain from taking enforcement actions against the company. The ruling stated that the DCP must submit a response by January 9, Kalshi must submit supporting materials by January 30, and oral arguments for the case will be held in mid-February.