US court halts Connecticut's cease-and-desist order against Kalshi

A U.S. federal court in Connecticut has granted a motion to stay a cease-and-desist order that the state's Department of Consumer Protection (DCP) had issued against prediction market Kalshi, Cointelegraph reported. The DCP had previously ordered Kalshi to halt its operations, alleging the platform was running an unlicensed gambling service. In response, Kalshi filed a motion with the court to block the agency's action.