Nevada Regulators Impose $120,000 Daily Fine on Kalshi Over Geo-Blocking Failures

Nevada gambling regulators levy $120k/day penalties on Kalshi for alleged geographic restriction failures, citing investigator access via local networks despite compliance deadlines.

Woofun AI reports that the Nevada gambling regulatory agency has imposed a daily fine of $120,000 on prediction market platform Kalshi. Authorities state that investigators successfully executed transactions using local mobile networks after the deadline for resolving geographic blocking issues had expired.

Kalshi countered by asserting it employs GeoComply, a service authorized by state regulators, to handle geolocation. The platform accused certain investigators of falsifying their addresses and noted that at least one individual bypassed its security protocols.