Ninth Circuit denies Kalshi rehearing petition in Nevada prediction-markets case
The decision leaves Kalshi without the injunction that had shielded its sports-event contracts from Nevada enforcement.
The decision leaves Kalshi without the injunction that had shielded its sports-event contracts from Nevada enforcement.
The proposed rules could affect how prediction market operators and sports betting businesses are treated under federal and state gambling rules.
The petitions could affect whether Nevada regulators can oversee sports event contracts offered by prediction markets.
The ruling supports Nevada’s authority to require gaming licences for Kalshi sports-event contracts.
The ruling allows Nevada regulators to act against Kalshi’s prediction market operations despite its federal commodities law argument.
Licence
Operators should note Nevada regulators authorised Boomer's Sportsbook at two additional venues, expanding its Nevada presence.
Nevada Gaming Commission members' questions signal regulatory scrutiny of the proposed MGM acquisition.
Acquisition
The proposal’s status affects MGM shareholders and the company’s potential ownership structure.
The proposed settlement requires commission approval and concerns alleged monitoring and due diligence failures involving Bowyer.
Licence
The transfer of Primm Valley Casino Resorts changes management of the gaming properties amid disputed accounts of Affinity’s exit.
The decision could change the Nevada casino-exclusion list used by gaming regulators and operators.
Operators face enforcement and consumer-awareness initiatives aimed at illegal gambling sites and their promotion.
The proposed takeover and pending licensing process could change ownership and operations at two Nevada casinos.