Nevada Sues to Block Kalshi From Operating Prediction Market in State

Nevada sues to block Kalshi from operating prediction market in state

Nevada sues Kalshi as federal regulators say back off

Kalshi's websiteThomas Fuller/NurPhoto via Getty ImagesNevada regulators sued Kalshi, saying its markets are actually illegal sports gambling.The suit was filed just as the Trump administration sided with prediction markets.Other states have also sued Kalshi, and many legal observers expect the Supreme Court to weigh in.Nevada gambling regulators sued the prediction markets company Kalshi on Tuesday, saying the platform's rapid growth forced the…

Nevada moves to block prediction market Kalshi after 9th Circuit ruling clears way - The Nevada Independent

Control board lawyers say the company’s sports contracts are unlicensed wagering, which harms the public and poses an existential threat to the gaming industry.

Federal Appeals Court Rejects Kalshi Bid to Pause Nevada Enforcement

The ruling clears a path for state action, leaving predictions-market operator Kalshi with limited options, according to one legal expert.

Kalshi Sued by Nevada After Ninth Circuit Clears the Way (1)

The Ninth Circuit cleared the way for Nevada to bring an enforcement action against Kalshi Inc.'s exchange the same day the US agency overseeing derivatives markets told the appellate court that states attempting to regulate prediction markets are undermining exclusive federal jurisdiction