• Nevada sues Kalshi for operating a sports gambling market without a license The Trump administration, which has ties to prediction markets, claims it alone has the authority to enforce regulations. • Nevada is taking action against the rapidly growing Wild West of prediction markets. • The state’s gambling regulators and attorney general sued Kalshi on Tuesday. • They accuse the company of bypassing Nevada law by operating a sports gambling market without proper licenses. • In addition, they say Kalshi provides services to individuals under 21, which violates state law. • The lawsuit follows a federal appeals court’s rejection of Kalshi’s request to prevent the state from pursuing legal action.
Article Summaries:
- Nevada sues Kalshi for operating a sports gambling market without a license The Trump administration, which has ties to prediction markets, claims it alone has the authority to enforce regulations. Nevada is taking action against the rapidly growing Wild West of prediction markets. The state’s gambling regulators and attorney general sued Kalshi on Tuesday. They accuse the company of bypassing Nevada law by operating a sports gambling market without proper licenses. In addition, they say Kalshi provides services to individuals under 21, which violates state law. The lawsuit follows a federal a
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