Kalshi Ends Operations in Nevada
Kalshi agreed to fully shut down its operations in Nevada after admitting that people in the state were still able to access its event contracts despite a court order to geoblock the state.
Kalshi agreed to fully shut down its operations in Nevada after admitting that people in the state were still able to access its event contracts despite a court order to geoblock the state.
Ireland's Gambling Regulatory Authority (GRAI) has signed a Memorandum of Understanding (MOU) with the Nevada Gaming Control Board (NGCB), marking its first cooperation agreement with a U.S. gambling regulator as Ireland begins licensing online and remote betting operators.
The Nevada Gaming Control Board has reached an agreement with Kalshi requiring the prediction market operator to comply with a court order by August 12 or face a $120,000 daily penalty.
The chair of the Nevada Gaming Control Board, joined by his counterpart from Louisiana, has urged the gaming industry to take a stronger stand against the rapid rise of sports event prediction markets, warning that they are bypassing established state regulatory systems.