Connecticut has issued cease-and-desist orders to Kalshi, Robinhood and Crypto com, accusing them of operating unlicensed online sports betting through event-based contracts. The firms were ordered to immediately stop offering or promoting such services to state residents. Robinhood and Kalshi argue their products are federally regulated by the CFTC. https://t.co/dwVUSjxEeG ...

Group 1 - Sportradar Group AG (NASDAQ:SRAD) is recognized for providing sports data, technology, and content solutions primarily for the betting and media industries [2] - The company offers a range of services including real-time data, odds services, streaming, integrity solutions, and performance analytics [2] - Jim Cramer highlighted Sportradar as a significant player in the online sports betting space, comparing it to an "arms dealer" for sportsbook operators [2] Group 2 - Cramer previously recommended buying Sportradar at $12, and the stock has since risen to $29, indicating strong performance [2] - Despite a good quarterly report, the stock experienced a decline of 5.7% following the announcement, but has since recovered from its lows [2] - There is a general concern regarding the perception of excessive gambling, which Cramer noted as an existential threat to the industry [1]