Kalshi contradicts the $120,000 a day fine imposed by the Nevada Lottery Regulator

Kalshi, the predictive market platform, issued a statement in response to the $120,000 a day fine imposed on him by the Nevada Lottery Regulator. According to the Newalda regulatory agency investigators, after the deadline set by the court, they completed nine transactions on Kalshi app in Nevada through a mobile network and found that Kalshi had failed to comply with the geographical fence requirements. Kalshi countered that a licensed supplier, Geocomply, had been hired to report the progress throughout, accusing the regulator of improper means of investigation and of violating federal law。