- Kalshi says Nevada's gaming regulator violated federal law after the state sought $120,000 a day in penalties over the firm's alleged failure to meet a geofencing order.
- Nevada investigators reportedly placed trades inside the state despite the geofence; Kalshi says it hired geolocation vendor GeoComply and kept regulators informed.
- A judge has already barred Kalshi from offering those contracts in Nevada without a gaming license, so the dispute remains active.
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