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Melissa in the Morning: Prediction Market Crackdown
Connecticut is cracking down on prediction markets offering sports wagers. The state issued nine cease-and-desist orders and nearly 30 subpoenas as officials investigate alleged illegal gambling. The state says these platforms bypass Connecticut’s regulated sports betting system and may accept wagers from prohibited betters. We talked about this in depth with Connecticut Department of Consumer Protection Commissioner, Bryan Cafferelli.
The skinny
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