Kalshi has obtained permission from regulators in Connecticut, USA, to temporarily suspend enforcement actions

According to The Block, the prediction market platform Kalshi has received permission from Connecticut regulators to temporarily halt enforcement actions. Previously, the Connecticut Department of Consumer Protection issued a cease-and-desist order to Kalshi, Robinhood, and Crypto.com on December 2, accusing these companies of providing unlicensed sports-related betting services.

Subsequently, Kalshi filed a lawsuit against Connecticut authorities a day later, claiming that its market (which allows users to trade on the outcomes of future events) is a derivative regulated by the Commodity Futures Trading Commission. The company also sought a temporary restraining order to prevent Connecticut from taking any actions that could interfere with its operations.

Judge Oliver's order provides Kalshi with temporary protection while the case continues to be heard. According to the schedule set on Monday, Connecticut regulators must respond to Kalshi's complaint by January 9, 2026, and the company must submit supplemental supporting arguments by January 30. Oral arguments are expected to be held in mid-February.