Nevada bars Kalshi from offering event contracts

A Nevada judge has issued a temporary restraining order preventing prediction market Kalshi from offering event contracts related to sports, elections, and entertainment within the state. The order, which can last up to two weeks, stems from a case where the Nevada Gaming Control Board argues that such prediction markets constitute unlicensed gambling. This legal challenge raises significant questions about the regulatory landscape for prediction markets and their operation in various jurisdictions. The outcome could set a precedent for similar platforms operating in the US.