★Nevada judge extends Kalshi ban, calls sports contracts ‘indistinguishable’ from gambling

The Big Coin Report Take

Nevada's judiciary has once again decided that if it walks like a duck and quacks like a duck, it's probably just gambling, regardless of how many "contracts" are involved. This extended ban on Kalshi's sports markets confirms that some innovations are simply old vices in new clothes, at least in the eyes of the law.