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New Jersey Cracks Down on Illegal Sports Betting Firms

3/28/2025

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Summary

Story summary

The New Jersey Division of Gaming Enforcement has taken a firm stand, sending cease-and-desist letters to Kalshi and Robinhood for illegal sports betting activities. Both companies are now required to cancel all bets placed by New Jersey residents and prove their compliance by a set deadline. This move underscores the mounting regulatory pressures facing the sports betting industry, with similar actions unfolding in Massachusetts and Alberta.

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Story summary

The New Jersey Division of Gaming Enforcement has taken a firm stand, sending cease-and-desist letters to Kalshi and Robinhood for illegal sports betting activities. Both companies are now required to cancel all bets placed by New Jersey residents and prove their compliance by a set deadline. This move underscores the mounting regulatory pressures facing the sports betting industry, with similar actions unfolding in Massachusetts and Alberta.