XaliCoin(@alimakmur)'s insights

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Kalshi vs Nevada — this is an existential battle between the prediction market business model (which relies on the federal CFTC umbrella) against the established state gambling regulation regime. Kalshi plans to appeal, and the 9th Circuit hearing on April 16, 2026, could be a pivotal moment for the direction of this industry nationally.

#Kalshi’sDisputewithNevada
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XaliCoin

#Kalshi’sDisputewithNevada
Kalshi is a prediction market platform registered with the CFTC (federal), where users can "buy contracts" based on the outcomes of real events — sports, elections, entertainment.

The Nevada Gaming Control Board (NGCB) considers this illegal because Kalshi does not have a state gaming license.

Feb 2026: Nevada officially sues Kalshi

Mar 20, 2026: Judge Jason Woodbury issues a TRO (Temporary Restraining Order) — Kalshi is prohibited from offering contracts related to sports, elections, and entertainment in Nevada.

Apr 3, 2026: The judge extends with a preliminary injunction — Kalshi's contracts are declared = illegal gambling.

Apr 4, 2026: Ban on sports outcome contracts officially takes effect.

May 4, 2026: Kalshi's deadline to implement geofencing to block all Nevada users (Bitcoin News)

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Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

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