Nevada sues Kalshi to block company’s prediction market operation in state | Nevada

Nevada gaming regulators filed a lawsuit on Tuesday seeking to block prediction market operator Kalshi from offering events contracts that would allow its residents to bet on sports including football and basketball games. The Nevada gaming control board filed the lawsuit as part of an escalating battle over the ability of state gaming regulators nationally […]

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Surging prediction markets face legal backlash in US: ‘Lines have been blurred’ | Business

State lawmakers and gaming regulators across the US are escalating their fight against prediction markets, arguing that the fast-growing platforms are “basically gambling but with another name”. At least 20 federal lawsuits have been filed nationwide, disputing whether companies such as Kalshi and Polymarket should be treated as federally regulated financial exchanges, as they maintain, […]

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