Nevada Takes Legal Action Against Kalshi Over Sports and Election Contracts
In a groundbreaking move, Nevada has become the first state to legally challenge the operations of Kalshi, a fintech company offering futures contracts on sports and election outcomes. The Nevada Gaming Control Board (NGCB) issued a cease-and-desist letter to Kalshi, marking a significant escalation in the oversight of event-based betting markets. Legal and regulatory stakes rise: The NGCB’s directive requires […]
In a groundbreaking move, Nevada has become the first state to legally challenge the operations of Kalshi, a fintech company offering futures contracts on sports and election outcomes. The Nevada Gaming Control Board (NGCB) issued a cease-and-desist letter to Kalshi, marking a significant escalation in the oversight of event-based betting markets. Legal and regulatory stakes rise: The NGCB’s directive requires […]
