Kalshi Faces Nevada Ban, Prediction Markets Face Legal Storm
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal appeals court blocks Kalshis sports event contracts in Nevada, paving the way for a temporary restraining order. Gaming attorney Daniel Wallach predicts a halt in operations for at least two weeks. Nevadas Gaming Control Board claims Kalshis contracts amount to unlicensed betting, while Kalshi argues federal oversight by the Commodity Futures Trading Commission. Prediction markets like Kalshi and Polymarket are booming, drawing heat from lawmakers and sparking potential conflicts between federal and state gambling laws.
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