Feed / Enforcement & compliance
By SectorWire desk ·
The report said that Kalshi agreed to introduce third-party location checks by 12 August to avoid daily penalties. The agreement followed NGCB allegations that it breached a court order.
The geofencing agreement addresses alleged noncompliance with Nevada’s court restrictions.
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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.