00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Nevada won a temporary restraining order-blocking Kalsher from offering event-based contracts tied to sports, elections, and entertainment, according
00:10to the Wall Street Journal.
00:11The order requires Kalsher to obtain state gambling licenses and restrict users under 21.
00:17The ban lasts 14 days, with a hearing set for April 3rd.
00:21Customers can sell positions in the ban markets or hold them until resolution, but they cannot buy new contracts in
00:27those markets.
00:28Contracts in other markets, including weather and cryptocurrencies, remain available.
00:33Kalsher said it built its platform to provide fair and open access to markets,
00:37and argued Nevada residents should not be forced into a model that penalizes winners and maximizes losses.
00:43A spokeswoman declined to comment to WS.
00:46For all things money, visit Benzinga.com.
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