Prediction market operator Kalshi has agreed to deploy third-party geofencing technology to block Nevada residents from trading event-based contracts, following discussions with the state’s gaming regulator. The move highlights the growing tension between federally regulated prediction markets and state gambling laws.
Regulation & Policy
- Kalshi Agrees to Use Third-Party Vendor to Keep Sports Markets Out of Nevada — Prediction market operator Kalshi has agreed to implement a geofencing solution from third-party vendor GeoComply to prevent Nevada residents from accessing its contracts on…