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Kalshi sues Ohio regulator over sports prediction cease-and-desist

Regulation

Kalshi sued the Ohio Casino Control Commission and other state officials after the commission demanded that it end its sports prediction services in Ohio by 20 October. Kalshi is seeking a preliminary injunction, arguing that the state action conflicts with federal law; the commission said it considered the contracts unlicensed sports gaming under Ohio law.

The case could determine whether Kalshi can continue offering sports event contracts in Ohio and affect licensees’ dealings with it.

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Federal judge blocks Nevada regulator from enforcing Kalshi cease-and-desist order

A US federal judge partly granted Kalshi's request for a temporary restraining order and preliminary injunction in Nevada, preventing the Nevada Gaming Control Board from enforcing its cease-and-desist order while the lawsuit continues. Kalshi can therefore continue offering sports event contracts in the state during the case; the company said the court recognised its status as a CFTC-regulated exchange.

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