Penn says HG Vora is engaged in a 'make-believe' fight for a third new spot
Kalshi acknowledges its sports event contracts are gaming, but says only the CFTC can ban them
The Nevada Resorts Association, a trade body for the state's casinos, filed a motion to intervene in Kalshi's lawsuit against the state
'Though the District of Nevada accepted this argument, it is incorrect'
Kalshi argues the federal law governing futures contracts supersedes state laws
Activist investor accuses Penn CEO Jay Snowden of 'risky decision making and mismangement'
Earlier this month, a Nevada judge also found in Kalshi's favor and the platform is still offering sports contracts
Prediction market Kalshi continues to assert that its sports prediction markets don't need state approval