NZX:SKC 13 November 2025

New Zealand Sharemarket Today: NZX 50 Slides 0.5% as Infratil Sell‑Off Caps Mainfreight Rally (13 November 2025)

New Zealand’s S&P/NZX 50 Index fell 0.54% to 13,597.87 on Thursday, retreating from recent highs above 13,700. Infratil dropped 5.5% despite reporting higher earnings and asset sales, while Mainfreight surged nearly 9% and SkyCity rose over 6% on heavy trading. Market breadth was negative, with 30 stocks down and 16 up. October electronic card spending rose just 0.2% from the previous month.

13 November 2025

NZX:IFT·NZX:MFT·NZX:SKC·Stock Market

Nevada Temporarily Bans Prediction Market Firm Kalshi Over Gaming License Dispute
March 20, 2026, 2:30 PM EDT. Kalshi, a prediction markets platform offering event-based contracts on sports, elections, and entertainment, was temporarily banned in Nevada by a 14-day restraining order from the First Judicial District Court. The ruling prohibits Kalshi from operating its derivatives exchange without a gaming license, marking the first state-level forced cessation for the company. The ban follows earlier Nevada cease-and-desist actions and precedes a likely extension through the legal case, said gaming attorney Daniel Wallach. The dispute comes amid mounting regulatory scrutiny nationally, including criminal charges from Arizona and ongoing battles in multiple states. Kalshi contends its sports contracts are financial swaps, not gambling, a view supported by the federal Commodity Futures Trading Commission, which claims jurisdiction over these markets. This case highlights tensions between state gambling laws and federally regulated prediction markets.