Three State Regulators Cut Ties With NCPG Over Kalshi
Kalshi NCPG membership prompted Ohio, Michigan and Nevada to leave, while Massachusetts stayed for now amid consumer-protection concerns. The post Three State Regulators Cut Ties With NCPG Over Kalshi appeared first on ReadWrite .
Three state regulators have severed their membership with the National Council on Problem Gambling (NCPG) over the organization's decision to admit prediction-market operator Kalshi. This development follows similar actions by the Michigan Gaming Control Board and the Nevada Council on Problem Gambling. The main concern for regulators stems from the credibility of a gambling advocacy group maintaining ties with an unlicensed sportsbook operator, which could create confusion among consumers regarding the protection offered by licensed sportsbooks.
Ohio's move was confirmed in June, becoming the third state gaming authority to cut ties with NCPG, following the actions of Michigan and Nevada. The dispute centers on whether NCPG can credibly maintain Kalshi as a member, given the regulator's concern about the legitimacy of Kalshi's operations and its potential violation of consumer protection safeguards.
Massachusetts Gaming Commission, on the other hand, decided to stay in the council, but its members expressed the need for continued monitoring of the situation.
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