Kalshi Is Subject to Nevada Gaming Regulation, Judge Rules
Nevada sent Kalshi a cease-and-desist letter in March, alleging multiple state law violations and threatening civil and criminal penalties for its operations there.
Photographer: Gabby Jones/BloombergA federal judge in Las Vegas dealt a blow to Kalshi Inc.’s sports-betting business in Nevada by allowing state gaming regulators to take enforcement actions against the predictions-market startup.
US District Judge Andrew Gordon lifted his April order blocking such actions by the Nevada Gaming Commission and the Nevada Gaming Control Board, according to an order made public on Tuesday.