Home / Business and Economy / Nevada Fines Predict Firm $120K Daily
Nevada Fines Predict Firm $120K Daily
15 Aug
Summary
- Kalshi accused Nevada's regulator of federal law violation.
- Nevada regulator sought daily penalties of $120,000.
- The penalties were for alleged non-compliance with a geofencing order.
Prediction market operator Kalshi has accused Nevada's gaming regulator of federal law violations.
This accusation follows the regulator's demand for daily penalties amounting to $120,000.
The proposed penalties stem from Kalshi's alleged failure to comply with a specific geofencing order issued by the state. The firm's statement on Saturday signaled a legal challenge against the regulator's actions.
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