US EditionJudge blocks Kalshi from dealing in sports betting in the state
Nevada regulators halted Kalshi’s betting contracts amid disputes over state versus federal control of prediction markets, with a key hearing set for April 3, court records show.
12 Articles
12 Articles
Nevada officially became the first U.S. state to temporarily ban Kalshi’s operations, following the granting of a temporary restraining order (TRO). On Friday, a state judge ruled that the Nevada Game Control Board is likely to succeed in its case, forcing the predictive market platform to suspend contracts for sporting, political and entertainment events for the next 14 days. The veto, which will be in effect until April 3, is a hard blow to Ka…
Court Temporarily Bars Kalshi From Offering Select Event Contracts in Nevada
A Nevada judge has temporarily barred prediction market Kalshi from offering event contracts for sports, election and entertainment in the state, Bloomberg reported Friday (March 20). The temporary restraining order, which can last for up to two weeks, came in a case in which the Nevada Gaming Control Board contends that prediction markets that facilitate unlicensed gambling are illegal in the state, according to the report. Nevada reg…
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