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Kalshi Sues Nevada Regulators to Keep Offering Sports Wagers

Summary by Bloomberg

Kalshi sued Nevada’s gaming regulators to keep offering so-called event contracts to bet on sports and politics, setting up a clash between state and federal regulators.

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Kalshi Sues Nevada Regulators to Keep Offering Sports Wagers

Kalshi sued Nevada’s gaming regulators to keep offering so-called event contracts to bet on sports and politics, setting up a clash between state and federal regulators.

3 days ago·United States

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thetimeshub.in

Kalshi sued gambling regulators in Nevada and New Jerse - The Times Hub

The platform of the Kalsshi forecasts filed a hole in control over the gambling games of Nevad and the fleeing of gambling gambling. This is a matter of fact that the regulators needed to prequide […]

2 days ago

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World NEWS Live

Kalshi sues Nevada and New Jersey gaming regulators - WorldNL Magazine

Kalshi argues that its event contracts provide traders with a hedge against market risks and are not gambling or betting products. Prediction market Kalshi filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after both state regulators sent cease and desist orders for the firm to pause all sports-related contracts in the states.Kalshi’s legal team argued that the contracts fall under the juri…

2 days ago

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CryptoPanic

Trump Jr-backed Kalshi fights back to retain sports betting right

Kalshi is overseen by the CFTC. However, according to historical precedents, states have always been tasked with regulating the gaming industry in the US.

2 days ago

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Crypto Breaking News

Kalshi takes legal action against Nevada and New Jersey gaming regulators

Kalshi, a prediction market platform, has filed a lawsuit against the gaming regulators of Nevada and New Jersey. The lawsuit challenges the regulators’ decision to classify Kalshi’s platform as illegal gambling, arguing that it should be considered a legal prediction market instead. According to Kalshi, the regulators’ classification of its platform as gambling has caused significant harm to its business. The company asserts that its platform o…

2 days ago

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