Nevada warns that the prediction market may violate gambling regulations; multiple states intensify supervision, leading to legal challenges.

The Nevada Gaming Control Board (NGCB) issued an official warning stating that offering prediction market contracts for sports, elections, or popular culture events constitutes "betting activities" in the state, and licensed institutions may face disciplinary action. NGCB became the third state regu

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Nevada court rules that Kalshi must suspend operations, marking the first state-level enforcement blow to the prediction market.

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Kalshi's victory in California clarifies legal boundaries of prediction markets.

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Michigan joins multiple states in warning sports betting operators to stay away from prediction markets.

Ohio regulators warn: Sports betting operators risk licenses if they enter prediction markets.

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American tribal law experts warn: Predicting the market poses a survival threat to indigenous gambling.

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