Nevada Just Shattered Prediction Markets’ Favorite Theory in Kalshi Ruling

Nevada has remarkably overturned the widely held assumptions of prediction markets through its recent ruling in the Kalshi case, effectively challenging and dispelling the favored theory that many had believed would prevail in this context. source: https://www.coindesk.com/policy/2025/11/26/nevada-just-shattered-prediction-markets-favorite-theory-in-kalshi-ruling