Nevada files lawsuit against Kalshi after federal appeals court stay denial

Nevada gaming regulators have taken their fight with Kalshi to court, filing a civil enforcement lawsuit just hours after a federal appeals panel declined to pause the dispute. The move came Tuesday, shortly after the U.S. Court of Appeals for the Ninth Circuit rejected the company’s emergency request for an administrative stay.

The Nevada Gaming Control Board said it lodged its complaint in the First Judicial District Court in Carson City on February 17. Through the filing, regulators...