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NGCB alleges Kalshi breached Nevada geofencing agreement, threatens daily fine

Enforcement & compliance

Nevada's Gaming Control Board (NGCB) alleges Kalshi failed to block restricted contracts in the state and says it intends to fine the company $120,000 per day for non-compliance. The board's investigators say they placed nine restricted trades while connected to Nevada mobile networks; Kalshi denies wrongdoing and says its geofencing arrangements meet the requirements.

Kalshi’s dispute highlights potential enforcement exposure when restricted contracts remain accessible in Nevada.

Earlier fines and penalties by NGCB

DateCompanyAmountStoryAppeal status
KalshiNot statedKalshi agrees to shut Nevada operationsNot stated
KalshiNot statedKalshi agrees Nevada geofencing restrictionsNot stated
Kalshi, NetflixNot statedKalshi challenges Netflix documentary trailer over alleged Nevada wagerNot stated
DraftKingsNot statedFormer DraftKings trader faces charges over alleged college prop-betting schemeNot stated
KalshiUSD 120,000Nevada Gaming Control Board seeks contempt finding against KalshiNot stated

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