Federal Judge Rules Kalshi Must Stop in Nevada

Federal judge rules that Kalshi must stop offering prediction contracts in Nevada - The Nevada Independent Close The Nevada Independent Support Our Work Español Government Legislature Federal State Local Tribal Nations Health Care Coronavirus Education K-12 Higher Education Economy Unemployment Gaming Marijuana Housing Environment Wildfires Elections 2026 Candidate Announcement Tracker Energy Community Courts Criminal Justice Immigration Special Projects Lombardo Promise Tracker Recovery Dashboard Federal Relief Tracker Fact Checks Field Notes Podcasts IndyMatters On the Trail Cafecito Nevada Opinion Inside the Newsroom Ralston Reports Awards Events Swag About Us Our Team Our Board Our Donors Internships Government Legislature Federal State Local Tribal Nations Economy Unemployment Gaming Marijuana Housing Education K-12 Higher Education Health Care Coronavirus Elections 2026 Candidate Announcement Tracker Field Notes Environment Wildfires Energy Community Courts Criminal Justice Immigration Special Projects Lombardo Promise Tracker Recovery Dashboard Federal Relief Tracker Fact Checks Podcasts IndyMatters On the Trail Cafecito Nevada Opinion Inside the Newsroom Ralston Reports Awards IndyTV Events Swag About Us Our Team Our Board Our Donors Internships Government Legislature Federal State Local Tribal Nations Economy Unemployment Gaming Marijuana Housing Education K-12 Higher Education Health Care Coronavirus Environment Wildfires Elections 2026 Candidate Announcement Tracker Energy Community Courts Criminal Justice Immigration Special Projects Lombardo Promise Tracker Recovery Dashboard Federal Relief Tracker Fact Checks Field Notes Podcasts IndyMatters On the Trail Cafecito Nevada Opinion Inside the Newsroom Ralston Reports Awards IndyTV Events Swag About Us Our Team Our Board Our Donors Internships Federal judge rules that Kalshi must stop offering prediction contracts in Nevada The ruling comes seven months after the judge granted a preliminary injunction against gaming regulators who ordered the company to cease operations. Howard Stutz Economy Gaming SHARE Controversial financial exchange platform Kalshi will be forced to at least temporarily abandon offering sports contracts in Nevada after a federal judge ruled in favor of Nevada casino regulators who had sought to block the prediction market. In a 29-page ruling issued Monday, U.S. District Judge Andrew Gordon sided with the Nevada Gaming Control Board and dissolved his 7-month-old preliminary injunction that allowed Kalshi to continue operations while it fights the state’s cease and desist order. Gordon wrote that Kalshi’s interpretation “would require all sports betting across the country to come within the jurisdiction of the Commodity Futures Trading Commission (CFTC)” rather than state and tribal gaming regulators. “That interpretation upsets decades of federalism regarding gaming regulation, is contrary to Congress’ intent … and cannot be sustained,” Gordon wrote. Increasingly pop

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