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Kalshi Faces Nevada Restraining Order, Prediction Markets Clash with Regulators

Published 2 weeks ago
Description

Kalshi, a prediction market platform, faces potential temporary shutdown in Nevada as a restraining order looms. The Ninth Circuit Court of Appeals denied Kalshis request to block the move, sending the case back to state court. Kalshi is also entangled in regulatory disputes with over a dozen states over sports betting products. The Commodity Futures Trading Commission supports Kalshis claim for federal oversight, asserting sole jurisdiction.

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