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Nevada’s Gaming Control Board told a Carson City court late Friday that Kalshi failed to meet the August 12 deadline to stop offering sports, election, and entertainment bets in the state. Regulators argued the company should now face fines of $120,000 for every day it remains out of compliance.
Investigators said they were able to buy multiple event contracts from inside Nevada using mobile phones, despite the judge’s order that should have blocked such trades.
The board noted Kalshi had agreed in July to install a geofencing system through GeoComply, a Nevada‑licensed provider, but when agents flagged the transactions, the company claimed they were made on an older version of its app not covered by the restrictions.
Kalshi accuses Nevada regulators of siding with casinos and wasting taxpayers’ funds
Kalshi pushed back hard against Nevada’s Gaming Control Board, accusing investigators of breaking federal law to manufacture a case. In a Friday letter, the company said regulators “misrepresented their residence to Kalshi” and in one instance “actively worked to circumvent” its blocking measures.
Rick Heaslip, Kalshi’s general counsel and chief regulatory officer, argued the firm had already gone “above and beyond” to meet the court’s deadline.
“We hired a state‑approved vendor and updated Nevada every step of the way, with no response,” he wrote on X. “Instead of engaging, they falsified information (breaking federal law) to hunt for a loophole and manufacture another legal grievance. We addressed it within hours, but they ran to court anyway. This is not the behavior of a regulator trying to protect consumers – it is a vindictive waste of taxpayer dollars at the bidding of casinos.”
Nevada Attorney General Aaron Ford countered in his Friday motion that Kalshi’s app update was submitted to Apple and Android stores on August 9, leaving too little time for users to download the new version before the August 12 deadline.
“Kalshi should have known that the required‑updated process would take time,” Ford wrote, noting that app store updates can take up to a week to reach all users. “Kalshi’s delay made it impossible for it to ensure all users would be running the updated app by the court’s deadline.”
Source: The Nevada Independent
