Ned Lamont criticizes prediction markets' consumer assurances
Ned LamontGovernor of Connecticut
Lamont accuses prediction markets of disregarding safeguards and misleading consumers about legality.
“they are not adhering to Connecticut’s consumer protection standards”
Official statement
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
Official statement
About this source
Lamont's allegations accompanying the September enforcement announcement.
Before the quotation
Lamont describes consumer risks while announcing state enforcement.
After the quotation
He contrasts the alleged conduct with Connecticut's regulated wagering framework.
How this statement is classified
The label describes this statement's response within the context above.
Why this label?
The case asks whether Connecticut can regulate sports prediction markets as gambling, and the conduct under scrutiny is the state's enforcement. Lamont announced the state's actions against nine prediction-market companies and accused them of not adhering to Connecticut's consumer protection standards, which supports the enforcement, so we labeled it Defended or excused. The closest competing label is Condemned, which here would mean opposing state regulation of the markets; his criticism is aimed at the companies, not at the state's action. Evidence: the governor's announcement.
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Corrections to this statement
These notices document reporting corrections, classification changes, and topic-label updates.
Classification correction
Correction to: Statement by Ned Lamont
- Previous classification
- Position Event #547 classified Governor Lamont's statement as "Condemned," treating his criticism of the companies as opposition.
- Corrected classification
- Lamont's statement supports Connecticut's enforcement against the prediction-market companies, so the classification is "Defended or excused."
In this case the labels are measured against Connecticut's regulation of the markets: Condemned means opposing that regulation and Defended or excused means supporting it. The statement criticized the companies while supporting the state's enforcement, so it was mislabeled. The quotation, summary and source are unchanged.
This corrects an editorial classification.
Lamont's allegations accompanying the September enforcement announcement.
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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- Ned Lamont criticizes prediction markets' consumer assurances
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Last updated marks the most recent saved version of this published statement.
The Dispute Index. "Ned Lamont criticizes prediction markets' consumer assurances". First published: 2026-09-14. Last updated: 2026-10-06. https://disputeindex.com/events/547-lamont-accuses-prediction-markets-of-disregarding-safeguards-and