Nevada sues Kalshi to block company’s prediction market operation in state

State regulators seek to block Kalshi from offering events contracts that would allow residents to bet on sportsNevada gaming regulators filed a lawsuit on Tuesday seeking to block prediction market operator Kalshi from offering events contracts that would allow its residents to bet on sports including football and basketball games.The Nevada gaming control board filed the lawsuit as part of an escalating battle over the ability of state gaming regulators nationally to police companies like Kalshi that allow users to place financial bets through their prediction markets. Continue reading...