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NGCB seeks $120,000 daily fine against Kalshi over alleged Nevada noncompliance
By SectorWire desk ·
Summary
NGCB asked a Carson City court on Friday to impose $120,000 daily fines on Kalshi for allegedly missing an August 12 deadline to block sports, election and entertainment bets in Nevada, citing published reporting. Investigators said they bought contracts within Nevada. Kalshi disputed the allegations, accused investigators of circumventing its restrictions and said it resolved the issue within hours.
Why it matters
Kalshi faces requested $120,000 daily fines over disputed compliance with a deadline to block specified bets in Nevada.