Kalshi Wins Legal Reprieve in Connecticut Gambling Dispute

Coinpaper

Release Time:12/10/2025 13:36:05

A US federal judge has granted Kalshi a temporary legal shield against Connecticut regulators, who accused the prediction market platform of violating CFT (Countering the Financing of Terrorism) laws through unlicensed online gambling. The ruling halts enforcement while the case moves forward, adding to Kalshi’s legal challenges in other states. Meanwhile, Do Kwon’s sentencing hearing continues, with a judge weighing how his legal status in South Korea and prior custody in Montenegro may impact proceedings. The case unfolds as global regulators, including under MiCA (EU Markets in Crypto-Assets Regulation), sharpen scrutiny on crypto operations.

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