Kalshi Under Fire for Sports and Election Betting The Nevada Gaming Control Board (NGCB) has issued a cease-and-desist order against KalshiEX LLC (Kalshi), deeming its event-based contracts on sports and election outcomes unlawful within Nevada. This regulatory dispute highlights the ongoing tension between state and federal authorities over the legality of prediction markets. Kalshi, a … Continue reading Kalshi vs. Nevada: The High-Stakes Battle Over Sports Betting & Elections