Kalshi Sues Nevada to Protect Sports Betting Offerings

Reported 4 days ago

Kalshi has filed a lawsuit against Nevada's gaming regulators to maintain its ability to offer event contracts for betting on sports and politics, arguing that as a federally regulated derivatives exchange, the US Commodity Futures Trading Commission should have the final say over what bets it can offer. The lawsuit comes after Nevada officials claimed that Kalshi's contracts breach state gaming regulations, which require licensing and taxation.

Source: YAHOO

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