By SectorWire desk ·
The report said that Nevada’s problem gambling council ended its relationship with NCPG because of the national body’s Kalshi partnership. The Nevada council had opposed Kalshi through court filings and could not resolve the disagreement.
The split removes a state affiliate from NCPG’s network over prediction market policy.
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The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The analysis questions Kalshi’s explanation for concentrated activity in its ether perpetual contracts.
The new contracts allow partial settlement rather than requiring players to reach the full statistical target.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The denial challenges Kalshi’s account of a tribal partnership.