Kalshi

Ohio cites consumer protection concerns in action against Kalshi, Robinhood and Crypto.com

Additionally, the commission raised concerns about responsible gaming practices, highlighting that the companies’ offerings may have been accessible to individuals under 21, which violates Ohio’s legal gambling age restrictions. “Purchasing a contract based on which team a person thinks will win a sporting event is no different than placing a bet through a traditional sportsbook,”…

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Nevada Gaming Control Board orders Kalshi to get out

Nevada’s gaming regulator has told Kalshi that it cannot offer its prediction markets and event contracts in the state. The Nevada Gaming Control Board (NGCB) announced on Tuesday that it has sent a cease-and-desist letter to Kalshi, ordering the company to stop accepting business from Nevada residents by March 14. The letter asserts that the kind of event contracts that…

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