Kalshi and NV Gaming Control Board spar over geolocation mandate

Inside Gaming: Nevada regulators seek $120K a day in fines from Kalshi

The Nevada Gaming Control Board is seeking $120,000 a day in fines against prediction market Kalshi, alleging the company failed to comply with a judge’s order to stop offering sports, election and entertainment event contracts in Nevada by an Aug. 12 deadline.

Kalshi and NV Gaming Control Board spar over geolocation mandate

The state’s goal “is not protecting consumers," said a Kalshi attorney. "It's just a vindictive waste of taxpayer dollars at the bidding of casinos.” (iStock/Getty Images)Attorneys for Kalshi say Nevada gaming regulators are targeting the prediction market and wasting taxpayer money on behalf of casinos. The state contends Kalshi is dragging its feet when it comes to complying with a court mandate to prohibit people in Nevada from placing bets o…

Nevada Regulators And Prediction Market Kalshi Head Toward Showdown Over Fines

A state gaming board wants $120,000 a day from a federally regulated trading company. The fight could tell us a lot about how much power state agencies really have.…

Connecticut Federal Judge Denies Kalshi Motion for Emergency Injunction Pending Appeal

The U.S. District Court District of Connecticut this weekend denied Kalshi’s motion for an emergency injunction pending appeal, which may now allow Connecticut’s Attorney General to file civil enforcement action against the prediction market operator. District of Connecticut Judge Vernon D. Oliver noted Kalshi has “not made a strong showing of success on the merits.” Oliver … Continued The post Connecticut Federal Judge Denies Kalshi Motion for …

CASE STUDY | This State Rejects the Argument Federal Commodities Law Pre-Empts State Gambling Law

A Washington state judge has ordered prediction market operator, Kalshi, to stop offering most of its event contracts in the state, ruling that the products likely constitute illegal gambling under state law. The preliminary injunction is the latest setback for Kalshi as U.S. states challenge the company’s argument that its federally regulated event contracts fall under federal commodities law rather than state gambling rules. The ruling require…

Kalshi and Nevada regulator trade accusations over geofencing compliance deadline

Kalshi and Nevada’s gaming regulator are accusing each other of wrongdoing as their long-running court fight shifts to whether the prediction market properly blocked trading inside the state. The latest disagreement concerns an August 12, 2026 deadline requiring Kalshi to finish installing third-party geofencing in Nevada. According to The Nevada Independent, the gaming control board returned to court August 14, arguing Kalshi had failed to meet…