Nevada federal judge lets Kalshi continue sports contracts temporarily

A federal judge in Nevada granted Kalshi temporary relief from a state order, allowing it to continue offering sports-related contracts while litigation proceeds, the source reports. Judge Andrew P. Gordon rejected counterclaims by the Nevada Gaming Commission; Kalshi argues its contracts fall under federal oversight, while states regard them as sports betting subject to local licensing. The report says six states have issued cease-and-desist orders against Kalshi or similar platforms.