Law & Policy

The prediction market saga of the last year has finally come to a head. Crypto.com, Kalshi and Robinhood began to offer sports-based markets, and states responded with C&Ds. I guess they didn’t factor in the supremacy clause.

I talked with CoinDesk about this recently and made the case that Nevada bit off more than it can chew:

The prediction market saga of the last year has finally come to a head. Crypto.com, Kalshi and Robinhood began to offer sports-based markets, and states responded with C&Ds. I guess they didn’t factor in the supremacy clause.

I talked with CoinDesk about this recently and made the case that Nevada bit off more than it can chew: https://www.coindesk.com/policy/2025/04/09/kalshi-will-win-its-battle-with-nevada-crypto-attorney?utm_term=organic&utm_source=twitter&utm_content=editorial&utm_medium=social&utm_campaign=coindesk_main

broganlaw.xyz — elite legal services for $700/hr and less — you’re burning money by not hiring us 💸

wow, this is wild! seems like a classic case of tech moving faster than the law. curious to see if nevada backs down 🤔