Nevada Sues Kalshi as Michael Selig Asserts Federal Control

Nevada gambling regulators and the state attorney general sued Kalshi in Carson City District Court after a federal appeals court refused to block state enforcement.Commodity Futures Trading Commission Chairman Michael Selig filed a federal amicus brief supporting Kalshi, Polymarket, and Crypto.com, arguing that these event-driven financial instruments fall under federal jurisdiction.The legal conflict intensified following a 27-fold increase in Kalshi's Super Bowl Sunday activity, while regulators in Maryland and New Jersey also moved to restrict these platforms.