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 2025 Closes First Edition with High Attendance and Roman-Inspired Experiences
(Rome, Exclusive SoloAzar) - The first edition of SiGMA Central Europe in Rome came to a close, leaving a strong impression on the iGaming industry. With thousands of attendees, six pavilions brimming with innovation, and an atmosphere that paid homage to Roman history, the event combined spectacle, networking, and business opportunities. It also yielded key lessons for future editions.
Friday 07 Nov 2025 / 12:00
Innovation, Investment, and AI Take Center Stage on Day 3 of SiGMA Central Europe
(Rome, SoloAzar Exclusive).- November 6 marks the final and most dynamic day of SiGMA Central Europe 2025, with a packed agenda that blends cutting-edge tech, startup energy, and investor engagement. With exhibitions, conferences, and networking opportunities running throughout the day, Day 3 promises to close the event on a high note.
Thursday 06 Nov 2025 / 12:00
SiGMA Central Europe Awards 2025: BetConstruct Wins Innovative Sportsbook Solution of the Year
(Malta).- BetConstruct has been recognised at the SiGMA Central Europe Awards 2025, receiving the Innovative Sportsbook Solution of the Year award. This achievement highlights the company’s continued focus on elevating retail betting experiences and supporting operators with solutions that create measurable business value.
Wednesday 05 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.