by I. Nelson Rose | Mar 5, 2026 | Blogs
I was recently quoted in an article published by Danish television network TV 2 Danmark examining the lawsuit between the State of Nevada and prediction market platform Kalshi. The case raises an important legal question: whether contracts allowing people to trade on...
by I. Nelson Rose | Mar 4, 2026 | Blogs
Insider trading is illegal – in securities trading and regulated sports betting. But it is actually one of the advantages that futures markets have over more conventional predictors. If you want to know what is going to happen, give the opportunity to make big bets...
by I. Nelson Rose | Mar 4, 2026 | Articles, Blogs
The Capitol Forum recently published an article examining the difficulties Sporttrade has faced trying to operate an exchange-style sports prediction platform under existing state gambling laws. Sporttrade was created to allow users to buy and sell contracts on the...
by I. Nelson Rose | Feb 20, 2026 | Blogs
On February 19, 2026, Kalshi removed to federal court the lawsuit filed against it in state court by the state of Nevada. This prevents the state judge from issuing a temporary restraining order (“TRO”), which would have prohibited Kalshi from taking bets/trades from...
by I. Nelson Rose | Feb 17, 2026 | Blogs
Today, February 17, 2026, saw the following: 1) The US Ninth Circuit Court of Appeals denied Kalshi’s attempt to prevent the state of Nevada from suing the sports event prediction market operator. 2) The Nevada Gaming Control Board and the state attorney...
