If Kalshi misses this deadline, Kalshi will be subject to a fine of $120,000 per day until Kalshi is back into compliance. As part of their agreement to comply with Nevada regulations, Kalshi has agreed to install a third-party geofencing system so Nevada residents cannot access Kalshi’s restricted contracts. A month later, a Nevada District Court preliminarily enjoined Kalshi from entering into contracts related to sports events, elections or entertainment. Nevada Keeps Up the PressureBeyond its case against Kalshi, Nevada has also targeted other prediction market providers. As a result both DraftKings and FanDuel have withdrawn their applications to offer prediction markets in Nevada.