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Nevada sues Kalshi to block company’s prediction market operation in state

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Nevada sues Kalshi to block company’s prediction market operation in state


Nevada gaming regulators filed a lawsuit on Tuesday seeking to block the prediction market operator Kalshi from offering events contracts that would allow its residents to bet on sports including football and basketball games.

The Nevada gaming control board filed the lawsuit as part of an escalating battle over the ability of state gaming regulators nationally to police companies like Kalshi that allow users to place financial bets through their prediction markets.

It sued on the same day that the Commodity Futures Trading Commission in a brief in related litigation threw its support behind companies like Kalshi by arguing it had exclusive jurisdiction over prediction markets. Kalshi had sought for months to prevent Nevada regulators from filing a case against it. But a federal appeals court on Tuesday declined to put on hold a judge’s November order dissolving an injunction that had previously prevented Nevada authorities from pursuing an enforcement action. Should Nevada prevail, it would become the second state to secure a court order blocking Kalshi from offering sports events contracts, after a Massachusetts judge on 5 February issued an injunction at the behest of the state’s attorney general.

That injunction was set to take effect in 30 days, but a state appeals court justice on Tuesday put it on hold while Kalshi appeals.

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Nevada in Tuesday’s lawsuit contends that offering sports event contracts, or certain other event contracts, constitutes wagering activity under Nevada state law and that, as a result, Kalshi must be licensed.

It said Kalshi had not complied with state gaming regulations, including those prohibiting anyone under 21 from placing wagers and requiring entities accepting wagers on sports events to deploy safeguards against wagers by insiders like players and match-fixing.

The state has already convinced judges to issue orders barring two other prediction market operators, Coinbase and Polymarket, from offering events contracts. Nevada is seeking to have a state court judge issue a similar temporary restraining order against Kalshi, but the company soon after Tuesday’s case was filed sought to have it transferred to federal court, saying the case raised a matter of law over whether it was subject to the CFTC’s exclusive jurisdiction.

The New York-based company contends the federal regulator has sole jurisdiction over its events contracts as they are a form of swaps, a type of derivative contract.



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Court OK’s counting late-arriving mail ballots in Nevada, 29 other states

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Court OK’s counting late-arriving mail ballots in Nevada, 29 other states


LAS VEGAS (KTNV) — Nevada’s laws allowing the counting of mail-in ballots that arrive up to four days after Election Day — so long as they are postmarked by that date — is constitutional under a Monday ruling from the U.S. Supreme Court.

In a 5-4 ruling, justices upheld a challenge to a Mississippi law that’s similar to Nevada’s statute. Justice Amy Coney Barrett and Chief Justice John Roberts joined with the court’s three liberal members, Sonia Sotomayor, Elena Kagan and Katanji Brown Jackson, to uphold the law.

Conservatives Samuel Alito, Clarence Thomas, Brett Kavanaugh and Neil Gorsuch dissented.

The ruling affects 30 states, all of which allow some ballots received after Election Day to be counted. That includes Nevada, which allows ballots postmarked by Election Day to be received and counted up to four days later, and ballots without a postmark to be received and counted up to three days later.

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Plaintiffs in the case — including the Republican National Committee and the Mississippi Republican Party — had contended that federal laws referring to “elections” mean both the casting and counting of ballots, which they said must occur on Election Day.

“The federal election-day statutes do not preempt Mississippi’s law because the defining element of an ‘election’ has always been the electorate’s choice of candidate,” the case summary reads. “And a related federal statute — the Uniformed and Overseas Citizens Absentee Voting Act — confirms that while federal law dictates when ballots must be cast, state law governs when they must be received.”

In Nevada, critics have contended that late-arriving ballots erode confidence in elections, because they delay learning final election results for days and, in some close races, can change the outcome.

Gov. Joe Lombardo has called the weeklong wait for final, unofficial results “a national embarrassment.”

Plaintiffs in the case made similar arguments, but were turned away by the court: “Finally, plaintiffs policy arguments about election integrity and voter confidence are properly addressed to legislatures, not courts,” the case summary reads.

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Several attempts to require ballots to be received by Election Day have been introduced in Nevada’s Legislature, but none have been successful in the Democratically controlled body.

Secretary of State Cisco Aguilar has argued that the overwhelming majority of ballots are in and counted by Election Day, and only the closest races may be changed by late-arriving ballots. He’s advocated for more resources for county clerks and voter registrars to be able to count mail ballots more quickly.

Under the ruling, nothing will change for Nevada voters going to the polls in four months to vote in the November election. But officials still encourage voters to send in their mail ballots early, or to put them in drop boxes at voting centers during early voting or on Election Day.

Supreme Court upholds late-arriving mail ballots in Mississippi

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One dead, four hospitalized after head-on crash on I-15 in Clark County

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One dead, four hospitalized after head-on crash on I-15 in Clark County


LAS VEGAS (FOX5) — Nevada Highway Patrol responded to a two-vehicle crash on Interstate 15 near mile marker 94 Sunday evening.

The crash was reported at 6:43 p.m. on June 28.

MORE ON FOX5: Driver sustains life-threatening injuries in Las Vegas multi-vehicle crash

A passenger sedan and a pickup truck were involved in the crash. One vehicle was traveling southbound, lost control, crossed through the median, and struck the other vehicle head-on in the northbound travel lane.

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One adult male died at the scene. Two people were transported by ground ambulance, and two others were transported by life flight to a local hospital.

Road closures

All northbound I-15 travel lanes were closed at mile marker 94, but have since opened as of Sunday night.

Nevada Highway Patrol said further information will be provided following the preliminary investigation.

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Officials elevate response efforts to combat eastern Nevada wildfires

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Officials elevate response efforts to combat eastern Nevada wildfires












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Officials elevate response efforts to combat eastern Nevada wildfires | Local Nevada | Local























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