Jacki McGavick criticizes Connecticut’s prediction-market restrictions
Jacki McGavickKalshi spokesperson
McGavick argues that blocking federally supervised exchanges undermines consumer safety.
“You don't protect consumers by blocking exchanges that are actually regulated”
Reporting
Where this statement fits
Can Connecticut regulate sports prediction markets as gambling?
Connecticut announced enforcement against nine prediction-market companies on September 10, 2026. The action sharpened an existing dispute with the CFTC over whether sports-event contracts are subject to state gambling laws or exclusive federal commodities regulation.
Source and context
Reporting
About this source
Direct quotation in original reporting.
Before the quotation
CT Insider requested comment on the governor’s news conference.
After the quotation
She argues restrictions favor offshore markets.
How this statement is classified
The label describes this statement's response within the context above.
Why this label?
She criticizes the restriction itself, arguing it harms consumers.
- Recorded on
- Published here
- People and groups discussed
- Office of the Governor of Connecticut
More from this case
Read the full caseConnecticut’s attorney general: sports event contracts are “not magically shielded by federal law”
“This is nothing more than the recycling of failed arguments from other prediction markets. Multiple courts have affirmed that sports event contracts are no different than sports betting and are not magically shielded by federal law.”Read statement
Cafferelli says four of nine companies are engaging with Connecticut
“We have received a handful of responses to our actions last week... We are working with those who have responded on next steps.”Read statement
Underdog sues Connecticut over prediction-market enforcement
Underdog
“Underdog Exchange DCM, Inc. v. Tong, No. 3:26-cv-01499 (D. Conn.), seeking declaratory and injunctive relief on Commodity Exchange Act preemption grounds.”Read statement
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- Jacki McGavick criticizes Connecticut’s prediction-market restrictions
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The Dispute Index. "Jacki McGavick criticizes Connecticut’s prediction-market restrictions". First published: 2026-09-14. Last updated: 2026-09-14. https://disputeindex.com/events/545-mcgavick-argues-that-blocking-federally-supervised-exchanges-undermines