✉news WorldLaw & Courts first seen 6 h ago, last 6 min ago, peak #16
Nevada attorney opposes Kalshi's bid to delay rehearing
Original: Nevada: Attorney opposes Kalshi’s bid to delay rehearing due to CFTC rulemaking
In Nevada, a state attorney is opposing Kalshi's request to postpone a rehearing in its dispute with state regulators, arguing the pending CFTC rulemaking process is not grounds for delay. The case is part of the broader fight over whether prediction markets offering event contracts fall under federal derivatives oversight or state gaming laws. Regulators and exchanges continue to clash over the boundary between sports betting and regulated trading.
Why now: The ongoing legal battle between Kalshi and state gaming regulators is drawing attention as it tests whether prediction markets count as gambling.
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