By SectorWire desk ·
The report said that GeoComply counted more than 3.2m location checks on partner platforms during Alberta’s first regulated online gambling week. The company said its figures measure verification activity rather than bets, deposits or revenue.
The vendor data provides an early usage indicator without establishing total market wagering or revenue.
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Kalshi faces requested $120,000 daily fines over disputed compliance with a deadline to block specified bets in Nevada.
Kalshi must introduce customer controls by 19 August and GeoComply screening by 2 September under Washington’s amended injunction.
The agreement requires Kalshi to strengthen Nevada access restrictions through an external location provider.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The analysis questions Kalshi’s explanation for concentrated activity in its ether perpetual contracts.