Feed / Enforcement & compliance
By SectorWire desk ·
The report said that Kalshi agreed to use a third-party provider to exclude users in Nevada from specified event contracts. NGCB gave it until 12 August to implement GeoComply’s solution.
The agreement requires Kalshi to strengthen Nevada access restrictions through an external location provider.
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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 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.