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Nevada gaming board orders Kalshi to stop offering event contracts by 14 March

Enforcement & compliance

Nevada’s Gaming Control Board issued Kalshi a cease-and-desist letter directing it to stop offering sports and election contracts in the state by 5pm on 14 March. The board said the contracts require state gaming approval and warned that violations could lead to criminal and civil penalties; Kalshi had not publicly responded.

Kalshi’s Nevada event-contract offering faces a stop directive because the regulator says state gaming approval is required.

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Enforcement & compliance

Maryland orders Robinhood, Kalshi and Crypto.com to stop sports event contracts

Maryland's Lottery and Gaming Control Commission sent cease-and-desist letters to Robinhood, Kalshi and Crypto.com, directing them to stop offering sports event contracts in the state. Director John Martin said officials view the contracts as unlicensed sports wagering; the companies were told their markets violate Maryland gaming laws, and the source reports no response from them.

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