Nevada sues to block Kalshi’s prediction betting market

Source: The Verge

Background

Nevada is suing to block the prediction market platform Kalshi from allowing residents to place bets on the outcomes of events, including elections and sports games, as reported earlier by Business Insider. The lawsuit adds to a growing number of legal battles across the country, claiming that Kalshi is harming the state’s gambling market by operating without a proper license and by allowing users under 21 to use the platform.

Legal Action

The state of Nevada filed the lawsuit just hours after a federal appeals court denied Kalshi’s request to block Nevada from taking action against the company.

Related Platforms

Prediction betting platforms like Kalshi and Polymarket …