Ninth Circuit allows Nevada to enforce gambling laws against Kalshi
By SectorWire desk ·
Summary
The Ninth Circuit ruled on 28 August that Nevada can enforce gambling laws against Kalshi’s sports event contracts. It upheld a lower court decision and rejected Kalshi’s argument that federal commodities law prevents state regulation. Nevada alleges Kalshi offered sports betting without the required licence.
Why it matters
Nevada can enforce gambling laws against Kalshi’s sports event contracts following rejection of its federal pre-emption argument.