Mike Dreitzer

Affidavit Can Spare Kalshi Nevada’s $120,000 Daily Penalty

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Affidavit Can Spare Kalshi Nevada's $120,000 Daily Penalty

Kalshi must finish a GeoComply geofencing rollout in Nevada by Aug. 12 or face a $120,000 daily penalty. The stipulation lets Kalshi submit a sworn affidavit explaining any delay instead of paying that daily penalty. Kalshi acknowledged state investigators placed prohibited trades but did not … Read more

Crypto.com Nevada Sports Betting Halts On Judge’s Order

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Crypto.com Nevada Sports Betting Halts On Judge’s Order

U.S. District Judge Andrew P. Gordon ordered Crypto.com to halt its sports event contracts in Nevada. Gordon ruled the contracts are governed by state gambling laws, not federal commodities regulations. The case underscores ongoing legal battles over how prediction markets should be regulated. LAS VEGAS … Read more

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