A state judge in Nevada extended a temporary ban on prediction market provider Kalshi’s sports-related contracts in the Silver State on Friday. Judge Jason Woodbury in the First Judicial District Court told attorneys at a hearing in the Carson City courthouse that he would also… Read More
Kalshi is now under a two-week restraining order barring bets in Nevada while a legal debate proceeds over the longer-term status of prediction markets there. The First Judicial District Court of Nevada issued a 14-day order on Friday, directing the platform to cease offering event… Read More
The prediction market platform Kalshi will be preliminarily ordered by a superior court justice in Massachusetts to halt its online sports business there.
The firms, federally regulated by the CFTC, were told to shut down Tennessee-based activity, refund deposits, and void open contracts by Jan. 31.
The state of Connecticut fired a legal volley against sports events contracts with a trio of cease-and-desist orders sent on Wednesday to major prediction-market operations — Robinhood, Kalshi and Crypto.com. The state’s Department of Consumer Protection accused the companies of “conducting unlicensed online gambling, more… Read More
