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Conn. Deems Coinbase, Kalshi Contracts 'Pure' Gambling

By Brian Steele ( January 9, 2026, 8:59 PM EST) -- Cryptocurrency giant Coinbase and the derivative exchange KalshiEX LLC are not entitled to injunctions that would block Connecticut's enforcement of state gaming laws against their "unlicensed, unlawful sports wagers disguised as financial products," the state argued Friday in federal court....

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