With the college football and NFL seasons approaching, Nevada’s agreement requiring prediction market operator Kalshi to block certain trades inside the state is drawing attention for its potential impact on local sportsbooks, consumers and similar legal battles nationwide.
Kalshi must implement a multi-source geofencing system through GeoComply by Aug. 12. The technology is designed to prevent anyone physically located in Nevada from trading contracts tied to sports, elections and entertainment that are covered by a preliminary injunction. The company must also provide Nevada regulators with updates on its progress.
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