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News
DraftKings doesn’t have a gaming license in Nevada. How can it promote its presence?
1+ week, 4+ day ago (572+ words) DraftKings runs a prediction market, similar to the one operated by Kalshi, and that’s how the Boston company can say it operates in all 50 U.S. states. Digital sports-betting company DraftKings advertises that it operates in all 50 states — even though it…...
Kalshi can't evade Nevada gambling laws by calling bets "swaps," court rules
2+ week, 1+ day ago (394+ words) Judges: “Placing sports bets, even when called by another name, is still gambling.” The judges affirmed a district court order that let Nevada enforce state laws against Kalshi’s sports-related event contracts. Nelson wrote that sports event contracts offered on Kalshi…...
Federal appeals court panel gives Nevada a win in its fight to regulate prediction market Kalshi
2+ week, 2+ day ago (290+ words) A federal appeals court panel on Friday refused to let prediction market operator Kalshi restart trading on sports and elections events in Nevada while it fights the state's effort to shut it down until it gets a license from state…...