Regulation· ★★★★· bearish·

Connecticut orders Coinbase, Gemini, Polymarket to halt sports betting

  • —Orders went to Coinbase, Crypto.com, Robinhood, Gemini, Webull, and Polymarket
  • —The regulator demands immediate withdrawal of funds for Connecticut residents
  • —30 requests were sent to PayPal, Plaid, Apple, Google Play, ESPN, and NBC
  • —In September the state filed a lawsuit against Kalshi to shut down the platform
Why it matters: Pressure on prediction markets is mounting as state regulators may restrict crypto exchanges' access to event contracts.
#COIN
Source: Livecoins
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