Name: Nevada Judge Alters Kalshi's Sports Betting Status
Uploaded: 2025-11-26T14:37:05-05:00
Duration: 1 s
Description: A Nevada federal judge has lifted Kalshi's injunction, affecting future sports contracts and betting rules. Sam McQuillan joins from Legal Sports Report.

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A Nevada federal judge has lifted Kalshi's injunction, affecting future sports contracts and betting rules. Sam McQuillan joins from Legal Sports Report.

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Nevada Judge Alters Kalshi's Sports Betting Status

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And you know what, why don't we begin there right here before we start to get into some of what is trending and recaps from yesterday and all that we normally do here on Newswire, Calci. Calci calci calci, I tell you, continues to, uh I, I guess, run into its challenges, you might say a uh Nevada federal judge has dissolved a preliminary injunction that it was awarded to Calci, putting the status of sports event contracts in that state, the iconic betting state in flux. Some of the details on this story, of course. Judge Andrew Gordon dissolved the temporary injunction that had awarded the company against the Nevada Gaming Control Board, writing that everyone, including Calci, can see that their sports event contracts are clearly sports betting. Can't get around, uh, it's, you know, it's, it's, it's different, it's prediction markets, it's that type. No, it is sports betting in the words obviously of this judge. Now Gordon granted Calsci, a preliminary injunction. Temporary restraining order as well in April, allowing it to keep its sports contracts online in the state despite that cease and desist order, while the lawsuit filed by the designated contract market continued. Well, on a filing on Monday, just a couple of days ago, Gordon reversed that order granting the NGCB's. Motion to lift the injunction. So all, what does it mean going forward? Obviously, Gordon wrote the couch she had established a market for sports betting advertise itself as the sports app, first one to offer legal sports betting in all 50 states despite not being licensed to conduct gaming in Nevada or any other state. So, As the world turns in the prediction market space that as we know, so many of these legal sports books in whatever number of states that they are individually legalized in are looking to take advantage of and join and become a part of Calci thought it had the market kind of cornered on right, we're offered in all 50, not the case with this cease and desist, and we will see what ends. happening next is a big we'll see what happens next in the world of college football because once again, of course, we've got a brand new look at a top 25 at the projected college playoff football rankings and with the expanded format constantly every week on these shows we are talking about. Can this team afford a 3rd loss? Can this team afford a 2nd loss? What's it look like? What's the bracket? Ohio State is the number one team followed closely by Signetti's Indiana, each at 11-0. Texas A&M also an unbeaten. Then you have Georgia, Texas Tech, Oregon, Ole Miss, all chipping in with only one loss, BYU all the way down at 11, also with one loss at 10 and 1. What's interesting about the bracket as you look at it, Tulane. Tulane is a part of this thing. Barely in the top 25, you might be saying, how does Tulane at 24 get into the college football playoff as it again shapes up here in this moment, knowing full well that in the weeks to come, things can change. Well, Tulane, while being ranked lower than BYU is actually in the bracket ahead of BYU on account of. Being the top ranked group of 5 representative and so a lot of this still has to play itself out obviously in the coming weeks, but fascinating, the college football playoff, independent of all the side bowls and everything else with the teams that are programs still fighting for something, looking to enjoy that extra game in and around New Year's with the Christmas holiday. The college football playoff in this first view of it as it expands beyond 4 teams this year is going to be. Electric. A lot of fun to watch, a lot of fun, obviously in the betting space if you are in an area that is permitted to do so. Now, uh, again, in terms of the matchups, just to show it to you one more time, you have Texas Tech in a 5-12 against Tulane, Oregon, Miami, Ole Miss, Alabama, Oklahoma, Notre Dame, and of course, those four schools, Indiana, A&M, Ohio State, and Georgia, all would have first-roundies as we go right now. Michigan. You will notice not a part of that. Of course, in the last couple of years, a national football champion at the college ranks, the quarterback who took them there, JJ McCarthy, is in year one of his NFL career, at least actually playing because as we know, injured during his entire first original rookie year, you might say an NFL red shirt year this year. Been up and down. He's been in and out of the lineup due to injuries and looking like, well, not official that he is going to miss week 13 coming up here. So you might be thinking, OK, well, Vikings have a capable backup. Carson Wentz, here's the thing. Wentz, he's banged up too. So it's gonna be Max Brosmer if in fact McCarthy is unavailable. Brosmer, the rookie, who is 24 years old. Very inexperienced. He has appeared in 4 games this year, only 8 attempted passes in his young career, 5 of 8 for 42 yards, no picks, no interceptions, a QB rating of uh just 18.8, a passer rating. Up around 76. So, what is he going to look like for Minnesota if he winds up getting the start? Great question, can't wait to find out. The return though that I'm very excited for, and I'm sure a lot of people out there are as well, especially in Cincinnati, is Joe Burrow. Getting ready to take the field here on Thanksgiving, his first action since that toe injury back in week 2, has not played in a very long time and unfortunately, his team has been very bad without him. Losses in 8 of 9, this team is coming in at 3 and 8. There are few expectations that the Bengals are actually gonna put up a real legitimate fight as a touchdown, uh, dog against Baltimore, especially in Baltimore, and there are all sorts of trends that we'll outline later in the show that tell you this is a great spot. For the Ravens and Lamar Jackson, not Joe Burrow. However, why is he playing after very nearly playing last week against the Patriots and now finally making his return? Well, they need him. I think just like a lot of kids, you, you grow up going through Thanksgiving, you have Your meals with your family and then you go and sit on the couch and. Typically there's not a lot on except football back in the day it was. Lions and Somebody you go watch Matthew Stafford throw for. 300, 400 some yards with Calvin Johnson and probably lose the game, but it was fun to watch, um. You know, those are memories that you have, and so I kind of always wanted to to be the person out there. Stafford the MVP favorite right now in the NFL. He's got to be out there wondering why he's taking strays from Joe Burrow about his play in Detroit on Thanksgiving, not that it was his problem. A lot of the time it was defense, but nevertheless, CD Lamb also getting ready to play on Thursday, as is, of course, his fellow number one, you might say George Pickens there for Dallas and uh Lamb, you know, he had some issues against the Eagles. 3. Drops trying to correct those problems, uh, I would suggest go out to the casino first thing in the morning, get ripped, and then, uh, you know, let it all out before a big game. It worked well a couple of weeks ago, so maybe just maybe that's the recipe for success for Schottenheimer's crew. But the, you know, Cowboys, they came back from down 21-0 against the Eagles and managed to win, walking it off. We'll see if they can do that again in a very tough spot coming up here. Brandon. cooks. He was a cowboy at one point in time and now he continues to bounce around the NFL, a Buffalo Bill. So this year, not so good, obviously, as a member of the Saints through 10 games, 19 catches, 165 yards, not used all that often, did not have a touchdown, wasn't good last year in his second and final year as a member of the Cowboys, couldn't sort of resurrect things with the Saints in What's just a terrible situation there has been all year and now winds up in the Bills offense with some of the questions surrounding obviously Keyon Coleman, some of the other injuries they've had at the tight end position. It's a good opportunity for Cooks to swoop in there kind of a la Amari Cooper and see if he can actually make any noise and and get that Bills team back on track because it has been struggling a bit of late as well. All right, we are back here on Newswire and lots to get into as we get back to the business of betting and whenever we do that, love to chat with our good friend from the Legal sports report, that is Sam McQuillan on Twitter at Sam_McQuil. Sam, how are you doing? Doing well, how about yourself, Adam? I'm good. I know, listen, diehard Knicks fan that you are. I hope you're not too worried about what the Pistons are doing right now, but we don't have time to get into that at the moment they're in the Eastern Conference. Let's talk about Missouri sports betting launch information and just everything that people in the great state of Missouri need to be aware of. We are ticking down. We've been talking about December 1 for quite a while. What do people in the Missouri area or surrounding states that want to maybe drive over and place a bet? What do they need to know? Yeah, first off, uh, Missouri's, the sports betting launch is important for several reasons, not just if you're in Missouri. It's the, the first state launch, uh, new sports betting state that we're gonna have since North Carolina, uh, which was January of last year. So, um, it's long, are the long forgotten are the days where you had state sports betting launch one after the other. Missouri is gonna be very big, um, obviously it's a big state and we haven't. Had one for a while. There'll be about 8 brands competing at the start. You'll have DraftKings, FanDuel, Bet MGM, uh, Caesars, Circa, and this will be the first state where ESPN bet is now going to be the score bet, um, you know, obviously they're rebranding on December 1st, so timing works perfectly there. And you're gonna have another, uh, brand that has yet to be named that's partnered with a company called Camby. So we'll have all the usual suspects in the state. You can already sign. Up, um, on many of the apps I think all but one have their bonuses up where you can, uh, you know, deposit $5 to win $200 and get your bonus bets and everything like that. The really interesting news here though is that Underdog, which was going to be one of the companies that was going to launch, uh, on Monday, December 1st, uh, has now announced today that it is not going to launch in Missouri and instead will focus on its prediction markets product. It's already live. In Missouri with sports prediction markets, these of course are the popular, uh, financial instruments where you can essentially bet on sports in all 50 states and there's a number of lawsuits about that right now, but very interesting that, you know, just a week before they'd already been advertising in Missouri they now choose to, you know, uh, go a different route and not launch sports betting entirely in the state. Notably DraftKings and Fanel also have prediction markets, but they'll be launching sports betting. In the state anyway, um, they'll miss the Thanksgiving games, uh, with the launch timing, but it'll be live for, uh, Chiefs Cowboys, um, which is, or I'm sorry, after Chief Chiefs Cowboys, uh, which is expected to be one of the most watched games, uh, of the season, obviously the hometown team, so, uh, Missourians should be pretty happy they'll have a sports betting product, uh, just in time, um, for the second half of the NFL season. Well, like you said, missing most of week 13 from a betting perspective, but with the December 1st launch, I mean, that does set up for Monday Night Football and you have the Giants and Patriots doing battle and then of course you look toward week 14, and that will be the first legal opportunity for people in Missouri to bet on the. Chiefs in a matchup with the Texans, a game that could be immensely important for both of those teams when it comes to the playoff race in the AFC. Which game do you guess, and that's all I'm asking you is, is to wager a guess, is the more invested upon game? Is it the locality of, of the Chiefs or is it the, oh my God, we can do this now, and just out of the gate Monday Night Football Patriots Giants? Yeah, that's a great question. I think we'll see a ton of action on Patriots Giants as the first out of the gate. Oh my God, we could do this legally now. Um, but then, you know, if people win on that game, they'll have more, uh, savings in their accounts. They can just roll over to the next game. I would imagine that the Chiefs game, the home game, being that it's at home as well, is gonna be the bigger of the two, but both will be huge events, especially in Missouri. I don't always applaud the NCAA for doing the right thing, but I think the organization has done something very smart after what looked like it was going to be a hellaciously dumb decision in my mind, which is the reversal of What we looked like, what, what, what appeared was going to be uh allowing athletes, staff members to bet on professional sports. Now, obviously the NCAA has, you know, kept its ban in place and said, you know what, this is probably heading into murky waters. So I, you know, I, I, I golf clap the NCAA for getting this right. I just, this, I couldn't believe when I saw that this was going to happen. The fact that they have, you know, righted the ship on the decision makes a lot of sense to me with all the potential pitfalls and all of the insider information that could have been changed around from, you know, guys that turned pro quickly after spending their time in college, all the relationships that obviously exist, you know, across not only staffs but in locker rooms. What did you make of the whole situation as well as, of course, where we've landed? Yeah, I mean, it's hard enough to track uh leaked information and professional sports we've seen with the. The integrity, uh, FBI cases that have come out with the NBA scandal with the MLB scandal, um, I agree, I agree with you, Adam, that tracking it from college to professional just kind of opens up another can of worms there. It's really interesting because the NCAA has had this rule, uh, pretty much in place since the inception of the organization and college sports back in, you know, in the 1900s where, uh, college athletes are not allowed to bet on professional games, athletic department staff is not allowed to bet on. Professional games obviously years later we now have sports betting is legal. That rule long standing has still been in place. They actually moved to change this rule, uh, much earlier, um, in the year and like almost even last year they started to, uh, kind of pass different things and float different proposals around to change the rule and the reasoning at the time was so it could free up the NCAA to focus on more serious, uh, what they call more serious violations like point shaving scandals. Things like that as opposed to, oh, a college athlete bet uh on a professional sport app we have to now penalize them. The NCAA says it doesn't have enough staff to really handle all of its case load. Uh, we just had 6, college basketball players I believe were banned for life for, um, sort of information sharing and game manipulation. So the NCAA has been dealing with a lot of these game integrity issues, the same stuff the NBA is dealing with, the MLB is dealing with. They voted to change this rule to allow their enforcement staff to have, you know. of those resources, but then kind of as soon as this change was about to come in place, you had all of the scandals in the NBA and the MLB and now more recently more men's college basketball scandals, uh, dropped like right after that. So it was a really bad time to change the rule. Uh, the SEC commissioner Greg Greg Sanke came out and urged them to reverse the rule, you know, they said it's a tone deaf kind of thing, especially at this time. And now what what you're seeing is the NCAA has in fact reversed that rule, um, the division one council, uh. Less than 75% actually voted to adopt it, which triggered a 30 day window which is rarely used, and then 2/3 of D1 schools kind of voted to not change this rule. So this rule will stay in place. Uh, the timing is really interesting that it came before all these scandals. Now you have these scandals, political pressures on them, and they're gonna keep it in place. So, um, from the NCAA standpoint, I think they're gonna try to figure out more ways they can free up themselves to monitor these cases as opposed to changing a rule that has obviously pissed a lot of people off. Yeah, and as you wrote in your article there for Legal Sports Report, the line between college and pro markets right now has never been thinner with all these ongoing investigations that you alluded to. Meanwhile, in Illinois at the moment, we have a hefty proposal in terms of a sports betting tax north of 10%. Is this gonna pass? Where does this go from here? Yeah, really interesting. Illinois is now one of the biggest sports betting tax states after raising their taxes almost 2 or 3 times in the past 2 years, where now the, the biggest operators, the fan dues and DraftKings of the world, have to pay basically a 40% tax as well as another per bet fee on every tax which they've turned, uh, thrown down. To are passed down to customers which now have to pay an extra bet fee in Illinois. Chicago is actually uh proposing adding their own 10% tax on top of that, which now Illinois lawmakers have written Chicago councilman saying that this is just untenable. It would already add on to our enormous tax in the state. It would add a precedent where every locality is able to now add their own taxes. Onto it, uh, from Chicago's standpoint they want to raise more money. It would be about $26 million a year in tax revenue this raises, but when you put that on top of what many call already sky high taxes in the state, it makes it really untenable. Uh, we'll have to see if the Illinois lawmakers, about 30 of them are advocating not to adopt this if that has any sway with the actual Chicago lawmakers, we'll keep watching it. Sam McQuil and again, legal sports Report on Twitter at Sam_McQuil. Always enjoy obviously chatting about the business of sports betting. We're gonna get to the media side coming up in a little bit here with Simon Applebaum, but Sam, in the meantime, enjoy the holiday. Eat well.