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Nevada judge extends ban on Kalshi, rejects event contract defense

By Cointelegraph by Amin HaqshanasCointelegraph

The judge said Kalshi’s event contracts are indistinguishable from sports betting, supporting the state’s position that the platform requires a gaming license.

A Nevada judge has reportedly extended a ban preventing Kalshi from offering event-based contracts in the state, ruling that the products constitute unlicensed gambling under state law. Judge Jason …