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Nevada urges Ninth Circuit to reject Kalshi’s CFTC-rulemaking delay
The state says a potential rewrite of the event-contract rule cannot undo the panel’s conclusion that Kalshi’s sports contracts are bets, not swaps.
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MGM and Caesars shun prediction markets over licence risks
At G2E in Las Vegas, the casino groups said state regulatory exposure outweighed the appeal of event contracts.
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Horsford presses Congress at G2E to curb prediction-market gambling
The Nevada congressman’s bill would bar federally regulated platforms from packaging sports betting and casino-style games as financial products.
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Ninth Circuit lets Nevada enforce gambling laws against Kalshi sports contracts
The court said the contracts were sports bets, not swaps, and rejected Kalshi’s bid to block Nevada regulators.
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Nevada seeks $120,000-a-day penalties from Kalshi over geofencing dispute
The state says the prediction-market operator missed a court deadline to block banned contracts, while Kalshi says it had already hired a Nevada-approved geofencing vendor and kept regulators informed.