Connecticut regulators just dropped the hammer on prediction markets. The state ordered Robinhood, another major platform, and Kalshi to immediately halt their prediction market operations. This regulatory crackdown signals growing scrutiny of betting-style platforms in traditional finance jurisdictions. With multiple platforms getting targeted simultaneously, it's clear state authorities are drawing a hard line on what they consider unauthorized gambling activities. The move could reshape how prediction markets operate in the U.S., forcing platforms to either comply with stricter regulations or exit certain states entirely.