Prediction market platform Kalshi, which lost a preliminary injunction blocking Nevada regulators on the eve of Thanksgiving, is seeking to block state regulatory action pending an appeal. The court's revocation of the injunction means Kalshi faces potential legal risks if it continues to operate in Nevada. Similar to Polymarket, Kalshi offers prediction contracts covering sports, politics, crypto and traditional markets. It believes it can operate in all 50 states with a CFTC license, but some state regulators - notably Nevada - disagree.
After the injunction was lifted, Nevada regulators said they would not immediately begin enforcement proceedings until a court decides whether to grant a stay, but that did not amount to an administrative waiver issued by the court. The court gave state regulators until Dec. 8 to respond to Kalshi's application, and Kalshi has until Dec. 12 to file a response.
Kalshi seeks to block state regulatory enforcement after Nevada loses ban protections, pending appeal
2025-12-02 00:34:47
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Kalshi 在内华达州失去禁令保护后寻求阻止州监管执法，期间将提起上诉Next article：
某巨鲸将10,176枚ETH存入Kraken，价值2,869万美元
