Nevada legal battle against prediction markets it calls ‘unlicensed sports gambling’ is moving forward

Entertainment

Nevada’s effort to block the prediction market platform Kalshi is moving through multiple courts, and that could have major ramifications for the brewing battle over sports betting. A judge on Tuesday denied the company’s request to block the state from taking civil action against it. Nevada regulators claim that Kalshi, through its prediction market contracts, is offering people a way to illegally bet on sports. Kalshi argues it’s merely a financial exchange. The case, which on Thursday was