A Nevada federal judge has allowed the lawsuit filed by online financial exchange Kalshi against state gaming regulators to proceed. Kalshi, which operates in the sports prediction market, is facing legal challenges in multiple states, including Maryland, where Judge Adam Abelson has questioned the platform's conflicting legal positions regarding whether sports betting event contracts fall under federal jurisdiction. Kalshi has notably sued three states over cease-and-desist orders, contrasting with over 100 such orders issued to sweepstakes casinos nationwide that have not been legally challenged. Meanwhile, Crypto.com is leveraging Kalshi's legal arguments in its own Nevada court case, asserting that its sports betting offerings should fall under the exclusive authority of the Commodity Futures Trading Commission (CFTC). Additionally, Attorney General James has taken action against illegal online sweepstakes casinos, which offered virtual sweepstakes coins exchangeable for cash and prizes.