Nevada Federal Ruling Deals Major Blow to Kalshi’s Sports Event Markets
Posted on: November 26, 2025, 05:54h. Last updated on: November 26, 2025, 05:54h. Nevada judge rules Kalshi’s sports-event contracts are unlicensed gambling products. Decision weakens federal preemption arguments prediction markets use against states. Sportsbook stocks, including DraftKings, rise as rivals to face stricter scrutiny. A federal judge in Las Vegas has ruled, in effect, that […]