[Nevada Court Extends Ban on Kalshi Sports Prediction Market] Odaily Planet Daily News – A judge in Nevada, USA, has ruled that the sports prediction market products offered by Kalshi are "indistinguishable from gambling activities" and has decided to extend the previously issued temporary ban. The judge also approved a preliminary injunction requested by the state gaming regulatory agency, prohibiting Kalshi from continuing to provide related contract services locally until further court proceedings. The initial ban was issued on March 20 and covers prediction markets related to sports, entertainment, and elections. Regulators argue that the related products should be subject to state gambling regulations, while Kalshi contends that they fall under federally regulated derivatives markets. The jurisdiction over the regulatory authority remains disputed. (CoinDesk)