A U.S. District Court judge is allowing the Nevada Resort Association to intervene in a lawsuit filed by a New York-based federal prediction market against Nevada gaming regulators.
Meanwhile, a second prediction market has filed a similar lawsuit against regulators.
District Judge Andrew Gordon on Monday signed the order enabling the NRA to defend its members’ interests in KalshiEx LLC’s March 28 lawsuit against members of the Nevada Gaming Control Board and the Nevada Gaming Commission.
Kalshi began offering prediction contracts on sporting events nationwide late last year and the Control Board issued a cease-and-desist order to the company because its prediction contracts closely resembled a form of sports wagering and Kalshi is not licensed to take bets in Nevada.
