Nevada Judge Blocks Kalshi From Operating in State

A Nevada judge has temporarily blocked Kalshi from operating in the state, finding that state authorities are reasonably likely to prevail in a legal fight over whether the company’s event contracts violate Nevada gambling laws. Carson City District Court Judge Jason Woodbury issued a 14-day temporary restraining order on Friday, siding with the Nevada Gaming Control Board.

Nevada Gaming Control Board Chair Mike Dreitzer said, 'Prediction markets, to ​the extent they facilitate unlicensed gambling, are illegal in Nevada, and we have a statutory duty to protect the public.' Kalshi did not immediately respond to a request for comment.

Judge Woodbury barred Kalshi from offering sports, election and entertainment-related event contracts in Nevada, writing that in the early record such contracts are considered a 'sports pool' under Nevada law and that Kalshi was not licensed to operate.

United States, Carson City

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