Less than a day after the Nevada Gaming Control Board told daily fantasy sports websites DraftKings and FanDuel they were violating state law by allowing customers to create teams of real-world NFL players and use their statistics in a competition for money, the companies pulled the plug on their operations.
That was in October 2015.
More than a decade later, Nevada is in a similar battle with prediction markets. Gaming regulators, as they did a decade ago, say they’re rooting out an illicit kind of sports wagering. But unlike the daily fantasy operators, Kalshi and other companies haven’t walked away quietly.
