Attorneys for Kalshi say Nevada gaming regulators are targeting the prediction market and wasting taxpayer money on behalf of casinos. The state contends Kalshi is dragging its feet when it comes to complying with a court mandate to prohibit people in Nevada from placing bets on the platform. Kalshi is engaged in a high-stakes lawsuit […]
A judge on Wednesday found Kalshi is likely violating Washington state gambling laws and ordered the company to drastically scale back operations in the state, including the wagers it now offers on sports and elections.
The Nevada Council on Problem Gambling confirms it intends to formally sever ties this month with the National Council on Problem Gambling over the latter’s partnership with Kalshi, a prediction market that has been banned from taking bets from Nevada gamblers. The Nevada Gaming Control Board asserts in a lawsuit against Kalshi that state regulators […]
Utah may enforce its anti-gambling laws, even if they include bans of proposition betting, a federal judge ruled on Tuesday in response to a lawsuit from Kalshi challenging a new state law. The prediction market platform had described the law, which classified proposition bets within the definition of banned gambling, as “an intrusion into the […]
(The Center Square) — New York sued Kalshi on Friday alleging it has been running an "illegal gambling operation" in the Empire State through its prediction market and asking a state judge to shut down the platform.
A federal judge halted a new Minnesota law aimed at stopping the massive expansion of gambling via prediction markets on sites like Kalshi and Polymarket. The two companies and the Trump administration sued Minnesota to invalidate the new law, and federal Judge Katherine Menendez granted a preliminary injunction to stop the law from taking effect […]
