A U.S. District Court judge says he’ll move quickly to determine whether the Nevada Resort Association can intervene in a lawsuit filed by a New York-based prediction market that threatens to bring “seismic” changes to Nevada’s sports-betting industry.
Judge Andrew Gordon on Thursday took under advisement petitions from the NRA and from the Nevada Gaming Control Board on a lawsuit filed March 28 by KalshiEx LLC, a prediction market regulated by the federal Commodity Futures Trading Commission.
The Control Board on April 23 filed a motion to dismiss the Kalshi complaint but earlier this month, Gordon granted a temporary restraining order preventing the Control Board from shutting down Kalshi’s market in Nevada, which closely resembles a form of sports wagering.
