Nevada AG Aaron Ford Leads Suit Against Kalshi as Prediction Markets Eclipse $1 Billion on Super Bowl Pools

Nevada AG Aaron Ford Leads Suit Against Kalshi as Prediction Markets Eclipse $1 Billion on Super Bowl Pools

Nevada Attorney General Aaron D. Ford and the Nevada Gaming Control Board filed a civil enforcement lawsuit Tuesday against prediction market operator KalshiEX LLC, seeking a court declaration that its sports event contracts constitute illegal unlicensed wagering and a permanent injunction to shut them down in the state. The action, filed in Carson City District Court, follows the Ninth U.S. Circuit Court of Appeals’ denial on February 17 of Kal…