Kalshi disputes Nevada regulator’s geofencing fine, calls contempt motion a ‘PR stunt’

Kalshi, the CFTC-regulated prediction market platform, is fighting back against Nevada’s gaming regulator after being accused of violating a court order requiring it to block residents of the state from trading on certain contracts. The company’s response to the Nevada Gaming Control Board’s contempt motion was blunt: it called the whole thing a publicity stunt. The dispute centers on whether Kalshi’s geofencing technology, built in-house for roughly $190,000, is good enough to keep Nevada users off contracts tied to sports, elections, and entertainment. Nevada regulators say it isn’t even close. The geofencing gap On May 18, 2026, a court issued an amended preliminary injunction ordering Kalshi to deploy robust geolocation tools capable of preventing Nevada residents from accessing certain event-based contracts. The NGCB argues Kalshi’s compliance effort has been, to put it diplomatically, underwhelming. Regulators have described Kalshi’s in-house geofencing solution as rudimentary compared to the third-party systems used by licensed sportsbooks operating legally in the state. Those commercial-grade tools typically layer multiple verification methods, including GPS, Wi-Fi triangul...