Kalshi’s Sports Contracts Face Nevada Licensing Challenge

Kalshi is encountering licensing challenges in Nevada, where tribal regulators and state authorities dispute the treatment of sports contracts as swaps and gaming oversight. Simultaneously, Kalshi continues to offer sports contracts in New Jersey, which remain available due to a preliminary injunction. This legal protection persists as the CFTC proposal and a petition to the Supreme Court proceed, highlighting the ongoing regulatory tension surrounding the operation of prediction markets across different US jurisdictions.