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Kalshi vs Nevada Regulators | Reno News
Nevada regulators are cracking down hard on Kalshi, a prediction market, threatening daily fines of $120K for allegedly ignoring court orders to block Nevada users — but Kalshi’s legal team fires back, calling the state’s claims bogus and accusing officials of using fake addresses to evade their geofencing tech. The feud began when a May court order demanded Kalshi stop accepting bets from Nevadans, yet the state insists Kalshi still took dozens of wagers. Kalshi counters that they complied — installing GeoComply’s geofencing by deadline — and that investigators used an outdated app version…
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