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arstechnica.com > tech-policy > 2026 > 08 > kalshi-cant-evade-nevada-gambling-laws-by-calling-bets-swaps-court-rules

Kalshi can't evade Nevada gambling laws by calling bets "swaps," court rules

2+ week, 1+ day ago   (394+ words) still gambling.” The judges affirmed a district court order that let Nevada enforce state laws against...outcome of this appeal,” Lee wrote. While the appeals court agreed with the district court analysis that sports event contracts are not swaps, it…...

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