Key Takeaways:
The Nevada Gaming Control Board filed on June 12 to hold Kalshi in contempt of a May 18 order to geofence the state.Board investigators bought banned event contracts (sports and an election) while physically inside Nevada.Nevada is seeking $120,000 a day, pegged to 1/50 of Kalshi’s estimated daily fee revenue.For now, a Nevada resident can allegedly still open Kalshi, pick a World Cup market, and buy a contract, a judge said, which should be out of reach.
