Source: The Guardian [UK]
“Nevada gaming regulators filed a lawsuit on Tuesday seeking to block the prediction market operator Kalshi from offering events contracts that would allow its residents to bet on sports including football and basketball games. The Nevada gaming control board filed the lawsuit as part of an escalating battle over the ability of state gaming regulators nationally to police companies like Kalshi that allow users to place financial bets through their prediction markets. It sued on the same day that the Commodity Futures Trading Commission in a brief in related litigation threw its support behind companies like Kalshi by arguing it had exclusive jurisdiction over prediction markets. … a federal appeals court on Tuesday declined to put on hold a judge’s November order dissolving an injunction that had previously prevented Nevada authorities from pursuing an enforcement action.” (02/18/26)
https://www.theguardian.com/us-news/2026/feb/18/nevada-kalshi-lawsuit-prediction-market