Yagmur Canel
Content Manager
Nevada’s First Judicial District Court has granted a temporary restraining order (TRO) against Kalshi, forcing the prediction market platform to immediately cease offering event-based contracts in the state. The ruling, secured by the Nevada Gaming Control Board (NGCB), marks the first decisive shutdown of the operator at state level in the U.S. The order targets Kalshi’s sports, election, and entertainment contracts, which regulators classify as unlicensed wagering activity under Nevada law, intensifying a broader jurisdictional conflict between state regulators and federal oversight bodies. Nevada Moves to Assert Regulatory Control Over Prediction Markets The court decision signals a clear escalation in […]
Read more