The Nevada Gaming Control Board has asked the First Judicial District Court to hold KalshiEX in contempt and impose monetary penalties, alleging the platform breached a 18 May order. That order required Kalshi to stop offering sports, election and entertainment-related event contracts in Nevada; the board says the contracts constitute wagering under state law.
The court’s decision could affect Kalshi’s ability to offer event contracts in Nevada.
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New Jersey officials petitioned the US Supreme Court on Wednesday over oversight of sports prediction markets. The petition asks the court to determine whether state gambling authorities or federal agencies have jurisdiction.
New Jersey has petitioned the US Supreme Court over states’ authority to regulate sports wagers on prediction markets. The request concerns platforms registered with the CFTC.
Reportedly, New Jersey asked the US Supreme Court on Wednesday to determine whether sports betting through Kalshi and other prediction markets is lawful. Attorney General Jennifer Davenport brought the request.
Kalshi has asked a Washington State Superior Court to reconsider a preliminary injunction covering its sports event contracts. The request cites new legal developments, but the available report gives no further details.
Kalshi has asked a federal court in Iowa to bar state officials from enforcing gambling laws against its sports event contracts. The company argues the Commodity Exchange Act gives the CFTC exclusive jurisdiction over contracts traded on federally regulated exchanges, leaving states no room to intervene.