I just found out there's an exciting drama in Nevada about Kalshi. So the judge there extended their ban on offering sports betting, saying that sports contracts on that platform are basically the same as regular gambling that requires an official license. According to Nevada data, the regulator said this is gambling activity that needs to be supervised. Judge Woodbury said that baseball betting on Kalshi is 'indistinguishable' from casino gambling, so it must be banned until the case is resolved. Kalshi and the CFTC deny this, claiming it's a registered contract market regulated at the federal level, not gambling. But Nevada remains firm. It's also interesting to see how regulations in various states are starting to tighten around prediction markets like this. Kalshi reportedly faces similar issues in Arizona. No idea when this will be resolved, but it seems Nevada will set a precedent for other states.