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Nevada court issues 14-day restraining order barring Kalshi from offering sports, election and entertainment contracts in the state, GambleRss reports
- Nevada court issues 14-day restraining order barring Kalshi from offering sports, election and entertainment contracts in the state, GambleRss reports — GambleRss reported Nevada's First Judicial District Court granted a 14-day temporary restraining order barring Kalshi from offering sports, election and entertainment event contracts in the state, the first time a state has forced a prediction market to halt operations. The court said the Nevada Gaming Control Board is reasonably likely to succeed on the merits, finding sports event contracts qualify as a sports pool under Nevada law and that Kalshi taking a commission makes it a percentage game. (GambleRss)
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