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Story summary
- Judge Jason Woodbury, a Nevada judge, extended an injunction banning Kalshi from offering event-based contracts without a gaming license.
- The Nevada Gaming Control Board sought extension, arguing Kalshi's contracts resemble illegal gambling.
- Woodbury rejected Kalshi's claim that the contracts are financial instruments regulated by the Commodity Futures Trading Commission.
- The injunction, first issued in March, highlights a dispute over prediction-market regulation, with Nevada the only state enforcing such a ban.
