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Nevada seeks daily fines against Kalshi over geofencing compliance
By SectorWire desk ·
Summary
Nevada is seeking daily fines against Kalshi over compliance with a court-imposed geofencing deadline of 12 August. Kalshi alleges investigators gave false residency information and deliberately bypassed its trading restrictions, accusing regulators of violating federal law.
Why it matters
Kalshi faces potential daily fines as Nevada disputes compliance with the court-imposed geofencing deadline.