Kalshi’s Sports Contracts Face Nevada Licensing Challenge

Tribal gaming advocate Jason Giles and Nevada Gaming Control Board Chairman Mike Dreitzer challenged Kalshi’s claim that its sports-event contracts qualify as swaps, arguing that the products remain subject to gaming oversight. They raised their objections during the Indian Gaming Association’s weekly New Normal webinar, according to CDC Gaming, as state and tribal regulators contest the legal classification used by prediction-market companies. Kalshi and other operators describe their sports co