TechFlow News: On March 3, according to Decrypt, a federal judge remanded Nevada’s case against prediction markets Kalshi and Polymarket back to state court, ruling that the Commodity Exchange Act does not fully preempt state gambling law claims. This decision enables Nevada’s gambling regulatory authorities to seek a temporary injunction, potentially forcing these platforms to suspend operations in the state. Legal analysts warn that if Kalshi is compelled to implement geofencing restrictions in one state, it could trigger a ripple effect impacting its operations in other states.
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