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Federal judge grants Kalshi injunction against Nevada gaming board

Regulation

A US federal judge granted Kalshi an injunction against the Nevada Gaming Control Board, allowing the prediction-markets operator to continue offering sports-linked contracts in Nevada. Judge Anthony Gordon said Kalshi had shown a likelihood of success on the merits; the ruling follows the regulator's demand that the company stop operating in the state.

The injunction allows Kalshi to keep offering sports event contracts in Nevada while the dispute proceeds.

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Kalshi sues Nevada and New Jersey regulators over sports-market orders

Kalshi filed lawsuits on 28 March against the Nevada Gaming Control Board and New Jersey Division of Gaming Enforcement after both states issued cease-and-desist orders over its sports event markets. Kalshi is seeking a temporary restraining order in Nevada and argues that federal law gives the Commodity Futures Trading Commission exclusive authority over its trading activity; the states allege the markets violate their gambling laws.

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