Nevada seeks remand in Kalshi lawsuit dispute amid federal debate
Briefly

Nevada seeks remand in Kalshi lawsuit dispute amid federal debate
"Nevada officials want a federal judge to send their lawsuit against KalshiEX, LLC back where it started, in state court. In an emergency motion filed Wednesday (February 18) in the U.S. District Court for the District of Nevada, the State of Nevada, acting through the Nevada Gaming Control Board, asked Chief U.S. District Judge Andrew P. Gordon to remand the case after Kalshi removed it from state court."
"State regulators argue the stakes go well beyond a paperwork dispute. They contend the alleged activity is causing continuing damage. Quoting earlier court findings, the motion states that "every day that Kalshi offers gambling in violation of Nevada law causes 'substantial irreparable harms to the Board, the State of Nevada, the gaming industry in this state, and the public interest.'" The filing points to KalshiEX, LLC v. Hendrick and references a recent state court order in Nevada v. Blockratize, Inc., which involved a temporary restraining order connected to Polymarket."
Nevada filed an emergency motion asking a federal judge to remand its suit against KalshiEX, LLC back to state court after Kalshi removed the case. The Nevada Gaming Control Board brought a civil enforcement action under state gaming law to enjoin Kalshi from offering allegedly unlicensed sports betting within Nevada. Regulators assert the conduct causes continuing, daily harms and cite prior findings that Kalshi's alleged violations produce substantial irreparable harm to the Board, the State, and the gaming industry. The filing cites KalshiEX, LLC v. Hendrick and a recent Nevada order in Nevada v. Blockratize, Inc. A federal appeals court recently declined to block Nevada regulators from proceeding against Kalshi over event-based contracts.
Read at ReadWrite
Unable to calculate read time
[
|
]