Underdog sues Connecticut over prediction markets
- —Underdog is challenging Connecticut's prediction market orders in court
- —The state had previously sent the same demands to Polymarket and Coinbase
- —The lawsuit was filed after a series of cease-and-desist orders from the state regulator
Why it matters: The outcome could determine whether prediction markets are allowed at the state level, affecting competition with the CFTC over jurisdiction.
Source: The Block
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