Nevada told the Ninth Circuit that it intends to bring a civil enforcement case against Kalshi under state gaming law. The state’s filing followed a federal judge’s decision to lift an injunction blocking enforcement; Kalshi has appealed that ruling, and the report says no current order bars state action.
The planned case could test whether Nevada can enforce its gaming laws against Kalshi while its appeal proceeds.
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The operators of The Venetian Resort Las Vegas agreed to a proposed $7.2m settlement with Nevada gaming regulators over alleged anti-money laundering failures involving Mathew Bowyer, the report said. The agreement requires Nevada Gaming Commission approval at its August meeting. The complaint concerns activity from 2019 to 2021, before Apollo Global Management acquired the property’s operations in 2022.
The US Court of Appeals for the Ninth Circuit denied Kalshi’s requests for panel rehearing and rehearing en banc in its Nevada case, leaving the ruling dissolving the preliminary injunction against Nevada gaming regulators in place. Kalshi has 90 days to petition the US Supreme Court; the sports-event contract ban remains in effect in Nevada, and the company says the ruling exposes it to civil and criminal liability.
On Wednesday, the Ninth Circuit turned down Kalshi's request to have the case reconsidered by the panel or by the full court. No judge asked for a full-court vote. The panel was unanimous in declining to rehear the matter, per the decision.
Ohio Governor Mike DeWine said the state will enforce gambling laws against Kalshi following a Sixth Circuit ruling. The court unanimously upheld a decision denying Kalshi’s request to block Ohio enforcement, rejecting its argument that federal commodities law shields its sports contracts from state regulation.
Reportedly, Connecticut took enforcement action against nine prediction-market platforms on Thursday. Its news roundup also covered higher first-half earnings at Playtech, FATF money-laundering indicators related to gambling and another FanDuel prediction-market partnership.
Kalshi announced enforcement action against California gubernatorial candidate Stephen Cloobeck for betting on his own victory. The report said Kalshi also took action against two other political candidates.