The Nevada Council on Problem Gambling confirms it intends to formally sever ties this month with the National Council on Problem Gambling over the latter’s partnership with Kalshi, a prediction market that has been banned from taking sports bets from Nevada gamblers.
The Nevada Gaming Control Board asserts in a lawsuit against Kalshi that state regulators should have jurisdiction over prediction markets. The Nevada Council has submitted amici, or friend of the court briefs in Nevada’s case against Kalshi.
Some 14 states are in litigation with prediction markets. Others have passed laws prohibiting them. In July, attorneys general from 44 states fired off a letter to the Commodity and Futures Trading Commission, asserting the federal panel lacks authority to regulate sports bets.
