2:25-cv-575-APG-BNW MOTION HEARING - ROUGH DRAFT - DO NOT CITE!!!
64 are outside the state of Nevada, you can't place bets. It's technology that's readily available. THE COURT: Okay. MS. WHELAN: And I think the -- you know, the harm and burden in implementing that is probably a little exaggerated. THE COURT: And that's what I'm getting to, I guess. Even assuming for sake of argument that it's expensive, as Kalshi claims, their argument is that we can't get that technology in place immediately; it's going to take some time and, therefore, we've got this irreparable harm because your clients are going to come after Kalshi even if they attempt to try and put up this geofencing. MS. WHELAN: Yeah, it certainly would take some time. I know that Robinhood, which is a similar type of exchange to Kalshi, has implemented this type of technology, so it is certainly possible. With respect to the expense, I guess I would say, you know, it either makes good business sense or it doesn't. You either have enough contract business in Nevada to make it worth your while to comply with this or you don't and you stop offering those contracts. I do have an answer to you -- for you on the, you know, sort of temporary pause button suggestion. The State would be fine with a stay where Kalshi was not offering new
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UNITED STATES DISTRICT COURT Judy K. Moore, RMR, CRR
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