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
GAT Expo CDMX 2025
28 de August 2025
Update on Mexico's Gaming and Raffles Law: Experts discuss its present and future at GAT Expo Mexico 2025
(Mexico City, SoloAzar Exclusive).- At the Expo Santa Fe Convention Center, gaming industry leaders analyzed the challenges and opportunities of the reform to the Gaming and Raffles Law, in a panel moderated by Rosa Ochoa of SCCG Management LATAM.
Tuesday 16 Sep 2025 / 12:00
GAT CDMX 2025: Experts Discussed Innovation in iGaming and Sports Betting in Mexico
(Mexico City, SoloAzar Exclusive).- As part of the GAT CDMX 2025 Institutional Academy, leading industry executives met in Mexico City to analyze the challenges and opportunities presented by innovation in online gaming, iGaming, and sports betting. Artificial intelligence, omnichannel, user experience, and the role of streamers were some of the central topics discussed.
Monday 15 Sep 2025 / 12:00
21Viral Strengthens Industry Ties and LatAm Expansion at GAT Mexico
(Mexico City, SoloAzar Exclusive).- At GAT Expo Mexico, 21Viral made a powerful impression through strategic networking, insightful participation, and a clear vision for growth across Latin America. Luz Serna, Head of Sales LatAm (i Gaming), highlighted the event’s rich academic content and the valuable alliances formed with key operators and stakeholders in the Mexican gaming industry.
Monday 15 Sep 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.