News Summary

• Kalshi, one of the largest u.s. prediction market companies, had just won a favorable ruling from a federal court in Minnesota with the help of a key federal financial regulator.
• Nevada, which has extensive experience with gambling regulation, had appeared to strike a bargain with Kalshi earlier this year by getting it to agree to a geofencing restriction.
• That agreement fell apart last week after investigators for the Nevada Gaming Control Board were able to circumvent the geofenced services used by the company.