Story perspectives
Kalshi Faces 10-Day Deadline Over Unlawful Contracts
3/6/2025
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Story summary
- The Nevada Gaming Control Board has put KalshEX LLC on notice, demanding an end to their event-based contracts on sports and elections, which they ruled unlawful without state approval. With just 10 days to comply, Kalshi risks penalties, underscoring the growing friction between state regulators and federally regulated exchanges in the fast-changing world of sports betting.
