A New York company accused of taking illegal bets in Nevada seeks deadline extension
Monday 17 de March 2025 / 12:00
2 minutos de lectura
(Las Vegas).- A New York company facing a cease-and-desist demand from the Nevada Gaming Control Board for offering “event-based contracts” that resemble sports bets is seeking more time to address the matter.
The Control Board on Friday posted on X that outside counsel representing KalshiEX LLC, doing business as Kalshi and Kalshi.com, contacted the Control Board about a time extension from the Friday, 5 p.m. deadline the regulator sought in a March 4 letter to the company.
“The company’s counsel requested, and the NGCB did not object to, a limited period of additional time for Kalshi to address the NGCB’s order,” an X post just after 2 p.m., Friday said. “Further details will be provided when available.”
Kalshi, which says it is the first exchange regulated by the federal Commodity Futures Trading Commission, is dedicated to trading on the outcome of future events, usually with yes-or-no propositions. Its website addresses a number of topics, from inflation and interest rates to unemployment and whether the federal government will shut down.
Among the propositions posted on the Kalshi website Thursday were “Will Trump eliminate the Department of Education this year?” and “The number of tornadoes this month will be higher or lower than 150.”
The Nevada Attorney General’s Office also was alerted to the cease-and-desist order drafted by Control Board Chairman Kirk Hendrick.
The demand letter signed by Hendrick instructed the company to cease all unlawful activity within Nevada by 5 p.m., Friday. Additionally, the letter explained that past unlawful action remains subject to criminal and civil penalties, and any future unlawful activity would be deemed willful violations.
Hendrick cited potential violations of Nevada Revised Statutes as well as Regulations 22 and 26B in the letter, saying the contracts offered by Kalshi resembled a sports wager and the company is not licensed in Nevada to operate a sports pool.
Categoría:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
SiGMA Central Europe
03 de November 2025
Uplatform Captivates SiGMA Central Europe 2025: Fresh Ideas, Juicy Results
(Cyprus).- At Fiera Roma, where countless booths fought for attention, only one stopped attendees in their tracks and sparked the reaction, “You have to see this”—Uplatform’s standout showcase.
Thursday 20 Nov 2025 / 12:00
SiGMA Central Europe: An Exclusive Conversation with GR8 Tech’s Chief Sales Officer Yevhen Krazhan
(Rome, SoloAzar Exclusive).- In this interview, Yevhen Krazhan, Chief Sales Officer at GR8 Tech, discusses the cutting-edge products and solutions showcased at SiGMA Central Europe, the audience’s enthusiastic response, and how GR8 Tech is carving out a strong position in high-growth regions such as MENA, Africa, and Latin America.
Thursday 20 Nov 2025 / 12:00
Belatra Showcases Innovation and Expansion Strategy at SiGMA Central Europe
(Rome, SoloAzar Exclusive).- Belatra Games made a powerful impression at SiGMA Central Europe, where Chief Marketing Officer Kateryna Goi unveiled the company’s latest titles and strategic vision. The booth buzzed with excitement as visitors explored novelties such as Long Neck Fortune, Goose Boom Bang, and Fortune Mummy, alongside the centerpiece attraction—the Mummyverse, a connected universe of thrilling slot experiences. Read more about company’s growth and future expansion across Europe.
Wednesday 19 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.