All posts tagged: Lamont

Lamont bill targets prediction markets after Connecticut sports wagering enforcement actions

Lamont bill targets prediction markets after Connecticut sports wagering enforcement actions

Published by skeptic

Connecticut Governor Ned Lamont is pushing to tighten oversight of prediction markets, rolling out a bill that would block anyone under 21 from using the platforms or seeing ads aimed at them. The proposal lands as state regulators are already cracking down on companies they say have crossed into unlicensed sports wagering, putting new attention on how these markets operate. The proposal, Governor’s Bill No. 5038, was sent to the General Law Committee at the start of the 2026 legislative session. It was submitted directly by the governor under Joint Rule 9 and is tied to his budget recommendations. The bill zeroes in on prediction market platforms that let users buy and sell positions on future events through a bid-ask system. Topics can range from elections to economic indicators. The legislation draws clear boundaries, explicitly excluding sports wagering, online casino gaming, internet games, and traditional securities or commodities trading already governed by existing law. If approved, the measure would make it illegal for any prediction market platform operating in Connecticut to allow a resident under …

Gov. Lamont Relents to Pressure From CT Farmers to Stave off Tax Hike

Gov. Lamont Relents to Pressure From CT Farmers to Stave off Tax Hike

Published by Sam Flores

Gov. Ned Lamont ordered his administration to hold off on issuing new valuations for agricultural land Monday, bowing to pressure from farmers who argued that the changes would lead to huge tax hikes and force some families to sell their land. Lamont said that the canceled assessments — which in some cases would have caused the taxable value of farmland to double — were the result of an “unforeseen lack of data” the state had attempted to collect in an effort to determine the going rate for Connecticut’s dwindling amount of available farmland. The decision will keep in place, for now, recommended land values that were last adjusted in 2020. In addition to halting the proposed reassessments, the governor also convened a working group of farmers, municipal leaders, assessors and officials with the state’s Department of Agriculture to propose reforms to the process by which the state collects data and assesses the value of farmland, in an effort to avoid large price spikes in the future. “Family farms are vital to Connecticut’s economy and are …