04.04.2026 07:05
A Nevada judge has prolonged a temporary prohibition against Kalshi’s sports‑related contracts, extending the ban until a broader lawsuit from the state gaming regulator is settled. In a hearing held in Carson City, Judge Jason Woodbury of the First Judicial District Court approved the Nevada Gaming Control Board’s request for a preliminary injunction, preventing Kalshi from offering certain prediction markets pending further legal action.
The court’s order, which originally took effect on March 20, had already barred Kalshi from trading bets tied to sports, entertainment, and elections. Woodbury remarked that purchasing a contract on a baseball game through Kalshi is “indistinguishable” from placing a wager on a conventional gaming platform, and therefore constitutes a prohibited gaming activity for non‑licensed entities.
Kalshi and the Nevada Gaming Control Board did not respond to comment requests, leaving the key arguments unaddressed in public statements. The broader debate reflects a nationwide push by state regulators to restrict prediction market operators, who contend that their services are federally regulated derivative exchanges rather than state‑controlled gambling platforms.
Federal regulators, led by the Commodity Futures Trading Commission under Chairman Mike Selig, have expressed solidarity with prediction market firms. Earlier this year, the CFTC submitted an amicus brief in appeal proceedings and, together with the Department of Justice, announced lawsuits against Arizona, Illinois, and Connecticut over their attempts to regulate such markets at the state level.
