Kalshi accuses Nevada investigators of violating federal law in geofencing complaint
AI Summary
Kalshi, a prediction market operator, is challenging Nevada's claims that it didn't meet geofencing regulations, arguing that the state's gaming regulator has actually violated federal law. The state's prosecutors accused Kalshi of not implementing geofencing by a specific deadline, but Kalshi counters that this approach is unlawful. This dispute highlights the complex regulatory landscape around online gambling and tech compliance, with significant implications for both state regulation and federal oversight.
Original Source
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