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Nevada regulators in the United States sue prediction market platform Kalshi

Prediction Market Enforcement Actions

2026-02-18 01:29:56

Odaily Planet Daily News: The Nevada regulatory agency in the United States has officially sued the prediction market platform Kalshi. It is reported that the Nevada regulator has sought a court order to prohibit Kalshi from continuing to operate an unlicensed sports betting business. It also pointed out that Kalshi is growing rapidly, with trading volume on Super Bowl Sunday this year being 27 times that of last year. As of now, a spokesperson for Kalshi has refused to comment on the matter but disclosed that they have requested a federal court to hear the case and noted that only federal law applies to prediction markets, while the new enforcement actions by the state government are based on issues similar to those currently being reviewed by federal courts. (Business Insider)

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