Source link : https://las-vegas-news.com/nevada-judge-extends-kalshi-ban-as-9th-circuit-hearing-looms/
Court Sides with Regulators in Latest Hearing (Image Credits: Pixabay)
Las Vegas – Nevada regulators secured another victory against prediction market platform Kalshi when a state judge prolonged restrictions on its operations within the state.[1][2] The ruling leaves Kalshi unable to offer sports-related event contracts to Nevada residents, marking the Silver State as the lone jurisdiction with a court-backed prohibition.[1] This development sets the stage for pivotal federal appeals arguments scheduled just days away in San Francisco.
Court Sides with Regulators in Latest Hearing
Judge Jason Woodbury of the Carson City District Court extended a temporary restraining order against Kalshi on April 3, pushing the ban through April 17.[1][2] He signaled plans to formalize a preliminary injunction soon after, citing the platform’s contracts as indistinguishable from traditional sports wagers. “No matter how you slice it, that conduct is indistinguishable,” Woodbury remarked during the proceedings.[2]
Nevada Gaming Control Board Chairman Mike Dreitzer expressed satisfaction with the outcome. He emphasized the agency’s commitment to enforcement, stating the board would “continue to vigorously enforce Nevada law.”[1] The extension requires Kalshi to geofence its services, blocking access for state-based users in the interim.
Federal Preemption at Heart of Dispute
Kalshi maintains its event contracts fall under exclusive oversight from the Commodity Futures…
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Author : Matthias Binder
Publish date : 2026-04-06 20:05:00
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