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Kalshi’s IP Geofence Still Lets Nevada Users Buy Banned Contracts as State Seeks $120,000 a Day

Nevada wants Kalshi held in contempt and fined $120,000 a day, arguing the prediction market’s home-grown geofence still lets residents buy the sports and election contracts a court ordered it…

Continue ReadingKalshi’s IP Geofence Still Lets Nevada Users Buy Banned Contracts as State Seeks $120,000 a Day

CFTC Says Sports Contracts Involve Gaming but Proposes to Allow Almost All of Them

The CFTC has proposed its first written framework for sports event contracts, formally defining sports markets as “gaming” – then writing definitions under which virtually everything currently traded on Kalshi…

Continue ReadingCFTC Says Sports Contracts Involve Gaming but Proposes to Allow Almost All of Them