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Ars Technica
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

4+ hour, 36+ min 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…...