Nevada judge extends ban on Kalshi operating prediction market in state - reuters.com
Nevada judge extends ban on Kalshi operating prediction market in state reuters.com
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"He observed that a person could place a $100 wager on a baseball game through a licensed Nevada gaming operator or reach the same financial outcome by purchasing a comparable contract on Kalshi’s platform."
— Jason Woodbury , Executive
"In the judge’s view, the conduct remains indistinguishable regardless of how it is structured."
— Jason Woodbury , Executive
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<a href="https://news.google.com/rss/articles/CBMirwFBVV95cUxPLTMxdF9JQXdJcThvbFN4YVNSUzJsX0JWdUMwSkd4c3ljVzlELWdnS3NLLU9mZlh1enQ2YlQ4bDA0aFFELVM1QmZuNmROeDl0Q1pMMDBoNjZNdGZGV0wyN0dycS1ucXlseTdRZDYwVmVqeFpRSVVyd29qMkxYc3dQRFVlMldBQkhOT05UdEJ0V20zYmFGdHRZcHpOQ2w0V3gtTDR1cTllTmlJelFlbnBB?oc=5" target="_blank">Nevada judge extends ban on Kalshi operating prediction market in state</a> <font color="#6f6f6f">reuters.com</font>
A Nevada judge extended a ban on Kalshi, preventing the company from offering event-based contracts in the state without a gaming license, aligning with the Nevada Gaming Control Board's request for a preliminary injunction.
The U.S. Commodity Futures Trading Commission (CFTC) filed lawsuits against Arizona, Connecticut, and Illinois, challenging their enforcement of state anti-gambling laws against prediction markets like Kalshi and Polymarket.
A Nevada judge extended an order blocking Kalshi from offering event-based contracts related to sports and other events in the state without obtaining a gaming license, following the Nevada Gaming Control Board's request for a preliminary injunction.
A Nevada judge extended a ban on Kalshi, preventing the company from offering event-based contracts in the state without a gaming license, siding with the Nevada Gaming Control Board's request for a preliminary injunction.
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