Feed / Enforcement & compliance
By SectorWire desk ·
The NGCB told a state court that Kalshi had failed to comply with a preliminary injunction covering certain event contracts in Nevada. The board seeks a daily fine over the alleged failure to geofence.
Kalshi faces a requested daily fine over alleged failure to geofence certain event contracts in Nevada.
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The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
The comments raise licensing and tribal-law questions for prediction-market operators and tribes considering agreements with them.
Nevada’s proposed regulatory amendment would remove references to the National Council on Problem Gambling.
Nevada licensing risks and regulatory warnings are keeping Caesars and MGM out of prediction markets.
The ruling backs Nevada’s action against Kalshi’s sports contracts after Kalshi failed to demonstrate likely federal pre-emption.