Kalshi, a financial exchange and prediction market, has successfully obtained a preliminary injunction allowing it to offer sports prediction markets in Nevada amidst legal challenges. The case highlights the distinction Kalshi makes between sports prediction markets and sports betting, emphasizing that it operates under the regulation of the Commodity Futures Trading Commission. Following a federal court's favorable ruling, Kalshi aims to expand its offerings and has bolstered its corporate team in anticipation of ongoing legal disputes with several states.
Today, the federal court in Nevada granted Kalshi's preliminary injunction and blocked the state from trying to prevent Kalshi from offering prediction markets.
Kalshi argues that its menu of sports markets isn't the same as sports betting, operating under the comprehensive oversight of the Commodity Futures Trading Commission.
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