Kalshi Risks Nevada Enforcement After Injunction Loss, Eyes Appeal Amid $11 Billion Valuation Boom

Kalshi, a leading prediction market platform, recently lost its preliminary injunction in Nevada, exposing it to potential enforcement actions by state regulators while it appeals the decision. Despite this setback, the company's business continues to thrive, with trading volume surging and valuation reaching $11 billion following a major funding round. Kalshi's CFTC license allows nationwide [...]