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Nevada judge upholds ban on Kalshi as sports betting market continues to appeal

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A Nevada judge has upheld a statewide ban on prediction market platform Kalshi offering sports-related contracts, siding with regulators who argue the company’s products amount to unlicensed gambling.  First Judicial District Court Judge Jason Woodbury granted a preliminary injunction requested by the Nevada Gaming Control Board, extending an earlier temporary restraining order that blocked Kalshi […]