Kalshi continued to argue that the Nevada Gaming Control Board and certain officials named in a lawsuit lack the ability to ban its sports and election event contracts, making the case that Nevada’s claims cut against “a fundamental principle of the Constitution” in a new filing.
In a response filed on Wednesday following the state’s motion to dismiss, the Commodity Futures Trade Commission-registered entity, operating as a prediction market, argued that the state gaming laws that Nevada claims Kalshi is in violation of are superseded by federal law.
The Nevada attorney general moved to dismiss Kalshi’s complaint against the state’s gaming regulator last month, arguing the platform was in violation of state gaming laws.
