#Kalshi’sDisputewithNevada

Nevada judge extends ban on Kalshi operating prediction market in state

A Nevada judge on Friday extended a ban on prediction market operator Kalshi from offering event-based contracts that would allow the state's residents to place bets on ​sports and other matters without the company obtaining a gaming license.

lawyer for New York-based Kalshi argued that such contracts ​constitute "swaps" that fall under the U.S. Commodity Futures Trading Commission's exclusive jurisdiction, ⁠a position the agency has likewise adopted in related litigation.

But Woodbury was unconvinced, saying just ​as he could place a $100 bet through a state-licensed gaming operator on a baseball game, ​he could also effectively do the same thing by buying a sporting event contract on Kalshi's platform.

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