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According to Reuters, the prediction market platform Kalshi has issued a statement in response to the Nevada gambling regulatory agency's daily fine of $120000. Nevada regulatory investigators stated that they completed 9 transactions on the Kalshi App through mobile networks in Nevada after the deadline set by the court, and found that Kalshi did not comply with geofencing requirements. Kalshi countered that he had hired licensed supplier GeoComply and kept them informed of the progress, accusing regulators of improper investigation methods and violating federal laws.