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Rules and licensingConnecticut cracks down on unlicensed prediction sites with new orders
State officials issued cease and desist orders to nine prediction market operators.
Written by the BettingEdgeHub desk, 14 September 2026
Connecticut regulators took major action against unlicensed sports event contracts this week. Officials issued nine cease and desist orders to prediction market operators. They also served twenty nine subpoenas to gaming licensees and media companies.
A crackdown on unauthorized betting
The targeted operators include Polymarket, Coinbase, and Robinhood. Underdog, Novig, ProphetX, Webull, Gemini, and Crypto point com also received orders. State leaders argue these platforms operate illegal sports betting without proper licenses. Officials want to protect consumers from misleading practices.
Subpoenas hit suppliers and media
Regulators sent subpoenas to major data suppliers and payment processors. Companies like Genius Sports, Sportradar, PayPal, and Stripe must provide information. Fifteen media organizations and major app stores also received document requests. These companies are not under investigation themselves.
What this means for local bettors
State rules mean only approved sportsbooks may offer legal wagering. Bettors in the state must use licensed platforms like DraftKings, FanDuel, and Fanatics. Unlicensed prediction markets face heavy penalties for offering sports contracts to residents.
Bettors in Connecticut must stick to state licensed sportsbooks because prediction markets face legal bans and closure.