Author: John Smith

A Nevada court has moved to keep Kalshi out of the state’s event-contract market while the legal fight continues.  Summary Nevada judge backed regulators and said Kalshi’s event contracts are no different from sports betting. The ruling extends Kalshi’s Nevada ban while the court reviews longer-term restrictions through April 17. The case deepens the clash between state gambling laws and federal oversight claims over prediction markets. The ruling came after the Nevada Gaming Control Board asked the court to block the company from offering contracts tied to sports, elections, and entertainment outcomes. The case adds to a wider debate over…