Kalshi Sues Nevada Regulators to Keep Offering Sports Wagers
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Kalshi sued Nevada’s gaming regulators to keep offering so-called event contracts to bet on sports and politics, setting up a clash between state and federal regulators.
According to Kalshi, as a federally regulated derivatives exchanges the US Commodity Futures Trading Commission has the ultimate power to decide what types of wagers it can and can’t offer to customers. However, Nevada’s regulators say Kalshi’s contracts violate state rules for sports pools, which are required to be licensed, inspected and taxed.