@thetruism · 20d ago
US appeals court rules Kalshi cannot block Nevada oversight of sports prediction markets
A US appeals court has ruled that prediction market platform Kalshi cannot block Nevada regulators from supervising its sports betting prediction markets.
No further material developments are expected.
On the record
Nevada
Court case in Nevada
- The US appeals court ruled that Kalshi cannot block Nevada's oversight of sports prediction markets.
- A US appeals court ruled against Kalshi's bid to block Nevada state oversight.
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- Whether Kalshi will appeal the decision to a higher court.
- Which US appeals court issued the ruling, and when.
- The procedural nature and scope of the ruling, including whether it concerned temporary relief or the merits of Nevada's regulatory authority.
- Which Nevada regulator or regulators are involved.
- Whether the decision takes effect immediately or is subject to a stay.
- The court's stated legal reasoning.
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