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(HARTFORD, CT) – Governor Ned Lamont and Connecticut Consumer Protection Commissioner Bryan T. Cafferelli at the moment introduced that the State of Connecticut is taking a collection of actions geared toward curbing unlawful prediction market operations in Connecticut.
This week, the Connecticut Department of Consumer Protection (DCP) issued 9 cease-and-desist orders to corporations illegally working prediction markets within the state. Additionally, DCP issued practically 30 subpoenas to gaming service supplier license holders and Connecticut media retailers. Businesses that acquired subpoenas aren’t below investigation by the division however might possess data pertinent to the state’s investigation into unlawful prediction market operations in Connecticut.
“Connecticut has been at the forefront of this issue, leading the way in protecting consumers—including young people, student athletes, and those suffering from gambling addiction—from unregulated gambling markets, which put your money and information at risk,” Governor Lamont stated. “Prediction markets have branded themselves as legal and safe, but the reality is they are not adhering to Connecticut’s consumer protection standards and gaming laws, and they are not being truthful when they tell consumers that their activities are legal. When we legalized sports wagering in 2021, the goal was to create a safe, responsibly regulated market for Connecticut consumers, not to open a free-for-all.”
“Our laws are clear: sports betting may only be offered by legal, licensed sportsbooks that adhere to our regulations and technical standards,” Commissioner Cafferelli stated. “We are, first and foremost a consumer protection agency, and we will continue to do everything we can to protect all Connecticut consumers from misleading business practices that compromise their health and safety, personal information and hard-earned money.”
The American Gaming Association estimates $40 billion might be wagered on the NFL utilizing prediction markets this 12 months. On the primary day of the 2026 school soccer season final week, one prediction market reported practically $250 million in buying and selling quantity on school soccer alone.
“Gambling is a form of entertainment for many, but it is important to remember that all gambling carries risk, and for some, that risk can become a serious problem,” Nancy Navarretta, commissioner of the Connecticut Department of Mental Health and Addiction Services (DMHAS), stated. “DMHAS offers a statewide network of prevention, treatment, and recovery services for individuals and families affected by gambling harm. Anyone concerned about their own gambling, or worried about someone they love, can call the Problem Gambling Helpline at 1-888-789-7777 and connect with support.”
“Connecticut has worked hard to establish a strong regulatory framework that includes meaningful consumer protections, safeguards for young people, responsible gambling requirements and access to resources for those who may experience harm,” Diana Goode, govt director of the Connecticut Council on Problem Gambling, stated. “We commend Governor Lamont, Commissioner Cafferelli and the Department of Consumer Protection for their continued efforts to ensure that organizations offering gambling opportunities to Connecticut residents are held to those standards. When organizations operate outside that framework, critical protections can be lost. We support the state’s efforts, including seeking judicial remedies, when necessary, to preserve the integrity of Connecticut’s regulatory system and ensure that innovation or new terminology is never used to circumvent the protections Connecticut residents deserve.”
A sports activities prediction market is a peer-to-peer trade the place customers purchase and promote “yes” or “no” contracts on the end result of sporting occasions. Prediction markets providing sports activities wagers in Connecticut are working in violation of Connecticut gaming and unfair commerce practices legal guidelines. They are identified to supply and settle for wagers from prohibited bettors, together with individuals below the authorized betting age of 21 and who seem on the state’s voluntary self-exclusion checklist. They additionally provide wagers on Connecticut collegiate sports activities, which is expressly prohibited below Connecticut regulation to guard school athletes from affect and harassment.
DCP issued cease-and-desist orders to 9 prediction markets identified to be working illegally in Connecticut, together with:
All 9 platforms are ordered to instantly stop and desist promoting, providing, selling, or in any other case making obtainable “sports event contracts” or every other type of unlicensed on-line playing to Connecticut residents. DCP additionally ordered all three platforms to permit Connecticut residents to withdraw any funds presently held by the platforms.
Failure to conform might end in extra motion together with, however not restricted to, civil penalties below the Connecticut Unfair Trade Practices Act and/or prison penalties for violations of Connecticut’s gaming statutes.
Subpoenas issued to licensees, media organizations, and others
Additionally, DCP issued subpoenas to any companies which will have data pertinent to the state’s investigation into the operations of predictions markets. Subpoenas have been issued to a complete of 9 licensees and 15 media organizations. Businesses that acquired subpoenas aren’t below investigation by the division.
Licensees that acquired subpoenas embrace:
Media organizations that acquired subpoenas embrace:
App shops and non-licensed cost processing organizations that acquired subpoenas embrace:
Earlier this month, Connecticut sued Kalshi, the biggest prediction market operator, and sought a court docket injunction to dam the web betting web site from providing unlicensed sports activities wagers in Connecticut.
A federal decide in Connecticut dominated in August that sports activities occasion contracts are unlawful unlicensed playing and aren’t protected by federal commodities regulation.
In Connecticut, the three gaming platforms licensed to supply sports activities wagering are Draft Kings (Foxwoods), FanDuel (Mohegan Sun), and Fanatics (Connecticut Lottery). Participants have to be at the least 21 years outdated to have interaction in on-line or in-person gaming or sports activities wagering. For fantasy contests, members have to be at the least 18 years outdated.
Consumers can report gaming-related considerations to DCP by emailing DCP.Gaming@ct.gov.
Anyone in Connecticut searching for sources and assist for drawback playing—whether or not it’s for themselves or somebody they know—are inspired to name the Connecticut Council on Problem Gaming’s 24/7 confidential Problem Gambling Helpline at 1-888-789-7777 or go to ccpg.org.
Information on companies obtainable in Connecticut for many who might have a playing drawback can also be obtainable at portal.ct.gov/problemgaming. To find out about Connecticut’s gaming self-exclusion program and learn how to enroll, go to ct.gov/selfexclusion.
Copies of the cease-and-desist letters and subpoenas can be found upon request to DCP. Requests for these paperwork could also be submitted on-line through the DCP GovQA portal.
This web page was created programmatically, to learn the article in its unique location you’ll be able to go to the hyperlink bellow:
https://portal.ct.gov/governor/news/press-releases/2026/09-2026/governor-lamont-announces-new-actions-against-illegal-prediction-markets-offering-sports-wagers
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This web page was created programmatically, to learn the article in its authentic location you…
This web page was created programmatically, to learn the article in its authentic location you…
This web page was created programmatically, to learn the article in its authentic location you…
This web page was created programmatically, to learn the article in its authentic location you…
This web page was created programmatically, to learn the article in its authentic location you…
This web page was created programmatically, to learn the article in its authentic location you…