Nevada judge extends ban on Kalshi operating prediction market in state - Reuters

A Nevada judge has extended a ban preventing Kalshi, a prediction market platform, from operating in the state. The ruling maintains restrictions on the company's ability to offer wagering on event outcomes within Nevada's jurisdiction. Kalshi has been seeking regulatory approval to operate prediction markets, which allow users to bet on the outcome of political, sports, and other events. The extended ban reflects ongoing legal and regulatory disputes over whether prediction markets should be permitted under Nevada law. The decision affects Kalshi's expansion plans and underscores the fragmented regulatory landscape the company faces across different states.