Feed / Enforcement & compliance
By SectorWire desk ·
The report said that Kalshi agreed to close its Nevada operations after acknowledging residents could still access contracts despite a geoblocking order. NGCB announced the agreement with the platform.
The agreement requires Kalshi to end Nevada activity following problems implementing the court order.
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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.