'Wagering on an unlicensed platform ... leaves consumers' personal information and money vulnerable to theft and fraud,' DCP commissioner says.
"Wagering on an unlicensed platform just to bet on an election leaves consumers' personal information and money vulnerable to theft and fraud," DCP commissioner says.warning local players that election betting is not legal and that there are only three licensed online sports betting platforms available in the state.
“We know elections sometimes feel like a sport, but the reality is they are not. Wagering on an unlicensed platform just to bet on an election leaves consumers' personal information and money vulnerable to theft and fraud,” DCP commissioner Bryan T. Cafferelli said through a press release. “Any platform offering wagers on the election is unregulated by the Department of Consumer Protection. No licensed platform may offer wagers on election outcomes in Connecticut.
The three online sportsbooks authorized by either tribal gaming compacts or agreements with the Connecticut Lottery Corporation are: FanDuel, through its partnership with Mohegan Tribe and Mohegan Sun Casino The clarification on the illegality of election betting and what sportsbooks are legal comes as the state has just broken itsfor a month in September. State-approved sportsbooks helped generate $214.4 million in sports betting handle, an 18.4% increase year-on-year and a 65.
Platforms like Kalshi and Robinhood have given bettors a chance to make predictions about the upcoming election and win money. Kalshi has seen that prevented it from offering U.S. presidential prediction markets for some time. The U.S. Court of Appeals for the District of Columbia Circuit dismissed that lawsuit in October.
As financial prediction markets are similar to sports betting markets, this and the various misinformation around election betting prompted the Connecticut DCP to issue its statement.If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.
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