Judge continues Nevada ban on Kalshi sports markets
CoinDesk
A Nevada judge extended a ban on Kalshi's sports prediction markets, ruling they are indistinguishable from illegal gambling.Summary
Judge Jason Woodbury of Nevada's First Judicial District Court has extended a temporary ban on Kalshi's sports-related prediction contracts. The judge ruled that these offerings are effectively gambling, which is prohibited for non-licensed entities in the state. This decision aligns with the Nevada Gaming Control Board's efforts to regulate such platforms, while Kalshi maintains that its federally regulated derivative products should be exempt from state-level oversight.
(Source：CoinDesk)