SectorWire
SearchRegister
MenuClose

Federal judge blocks Nevada regulator from enforcing Kalshi cease-and-desist order

Regulation

A US federal judge partly granted Kalshi's request for a temporary restraining order and preliminary injunction in Nevada, preventing the Nevada Gaming Control Board from enforcing its cease-and-desist order while the lawsuit continues. Kalshi can therefore continue offering sports event contracts in the state during the case; the company said the court recognised its status as a CFTC-regulated exchange.

The order allows Kalshi to keep offering sports event contracts in Nevada while its dispute with the state regulator proceeds.

This story so far

Request a correction

Flag an issue

Keep reading

Regulation

Federal judge blocks Illinois from enforcing gambling laws against prediction markets

A federal judge in Illinois issued a preliminary injunction barring state officials from enforcing gambling laws against CFTC-regulated prediction markets, reportedly. The injunction covers licensing requirements, taxes and enforcement; the report also says DraftKings, FanDuel and Fanatics are among operators retreating from Utah.

A federal judge in Illinois has reportedly entered a preliminary injunction that bars state officials from enforcing gambling laws against CFTC-regulated prediction markets. The injunction reportedly covers licensing requirements and taxes. It was also reported to extend to licensing, taxation and enforcement.

Continue reading