Feed / Enforcement & compliance
By SectorWire desk ·
The report said that Kalshi agreed with NGCB to stop offering prediction markets in Nevada by 12 August. The agreement ends a months-long dispute and provides for a $120,000 daily penalty if the company fails to comply.
Kalshi faces daily penalties if it misses the agreed Nevada withdrawal deadline.
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The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
The comments raise licensing and tribal-law questions for prediction-market operators and tribes considering agreements with them.
Nevada’s proposed regulatory amendment would remove references to the National Council on Problem Gambling.
Nevada licensing risks and regulatory warnings are keeping Caesars and MGM out of prediction markets.
The ruling backs Nevada’s action against Kalshi’s sports contracts after Kalshi failed to demonstrate likely federal pre-emption.