{"id":2587796,"date":"2026-04-06T18:18:01","date_gmt":"2026-04-06T22:18:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nevada-judge-upholds-ban-on-prediction-market-platform-kalshi\/"},"modified":"2026-04-06T18:24:05","modified_gmt":"2026-04-06T22:24:05","slug":"nevada-judge-upholds-ban-on-prediction-market-platform-kalshi","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nevada-judge-upholds-ban-on-prediction-market-platform-kalshi\/","title":{"rendered":"Nevada judge upholds ban on prediction market platform Kalshi"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnevada-judge-upholds-ban-on-prediction-market-platform-kalshi%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2587796&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A Nevada judge has upheld a statewide ban on Kalshi, a New York-based prediction-market platform, preventing Nevada users from trading Kalshi\u2019s event-based contracts tied too sports and other real-world outcomes without a state gaming license. First Judicial District Court Judge Jason Woodbury granted a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-appointed-judge-drops-the-hammer-on-transgender-agenda-law-goes-into-full-effect-in-a-few-weeks\/\" title=\"Trump-appointed judge enforces law against transgender agenda, effective soon.\">preliminary injunction requested<\/a> by the Nevada Gaming Control Board,extending an earlier temporary restraining order. he ruled that Kalshi\u2019s contracts are indistinguishable from traditional sports bets and rejected the company\u2019s argument that the markets fall under federal commodities regulation rather than state gaming laws. Nevada remains the only state with a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/whoopi-goldberg-makes-absurd-demand-to-judge-in-trump-trial\/\" title=\"Whoopi Goldberg&#039;s outrageous request to judge in Trump trial.\">court-ordered ban<\/a> at this time, and Kalshi plans to appeal, signaling ongoing litigation over weather prediction markets are gambling or federally regulated trading. The broader dispute includes the CFTC\u2019s actions against other states and lawmakers\u2019 efforts to rein in prediction markets, perhaps <a href=\"https:\/\/amzn.to\/3YuVZYV\" >redefining federal versus state authority<\/a> in this area.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Nevada judge upholds ban on Kalshi as sports betting market continues to appeal<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2553047\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>A <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/nevada\/\" type=\"post_tag\" id=\"736\">Nevada<\/a> judge has upheld a statewide ban on prediction market platform Kalshi offering sports-related contracts, siding with regulators who argue the company&rsquo;s products amount to unlicensed <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/gambling\/\" type=\"post_tag\" id=\"1280\">gambling<\/a>.&nbsp;<\/p>\n<p>First Judicial District Court Judge Jason Woodbury granted a preliminary injunction requested by the Nevada Gaming Control Board, extending an earlier temporary restraining order that blocked Kalshi from operating in the state.&nbsp;<\/p>\n<p>The ruling prevents the New York-based company from allowing Nevada users to trade on the outcomes of sporting events and other real-world occurrences without obtaining a state gaming license.&nbsp;<\/p>\n<div class=\"article-paywall\">\n<p>Woodbury said Kalshi&rsquo;s event-based contracts are &ldquo;indistinguishable&rdquo; from traditional sports betting, rejecting the company&rsquo;s argument that its offerings are financial instruments regulated exclusively by the federal <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4460589\/cftc-fights-keep-regulation-over-prediction-markets\/\" type=\"post\" id=\"4460589\">Commodity Futures Trading Commission<\/a>.&nbsp;<\/p>\n<p>The decision marks one of the most significant setbacks for Kalshi as it fights legal battles across the country over whether its platform constitutes gambling or federally regulated trading. Nevada remains the only state where a court-ordered ban is in effect at this time.&nbsp;<\/p>\n<p>Kalshi has argued that its markets, which allow users to buy and sell contracts tied to outcomes such as election results or sports games, fall under federal commodities law, not state gambling regulations.&nbsp;<\/p>\n<p>The CFTC has filed suit against the states of <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/arizona\/\">Arizona<\/a>, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/connecticut\/\">Connecticut<\/a>, and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/illinois\/\">Illinois<\/a>, challenging their efforts to ban prediction market betting on platforms such as Kalshi.<\/p>\n<p>Nevada regulators have countered that the contracts mirror traditional wagers and must comply with the state&rsquo;s strict gaming laws, which require licensing and oversight of sportsbooks.&nbsp;<\/p>\n<p>Attorneys for Kalshi have indicated the company plans to appeal the Nevada ruling, setting up a continued legal fight that could help determine how prediction markets are regulated nationwide.&nbsp;<\/p>\n<p>In its multistate lawsuit, CFTC Chairman Michael S. Selig warned against what he described as regulatory overreach by states.<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4511421\/bills-to-rein-in-prediction-markets\/\"><strong>A LOOK AT THE BILLS TO REIN IN PREDICTION MARKETS<\/strong><\/a><\/p>\n<p>&ldquo;The CFTC will continue to safeguard its exclusive regulatory authority over these markets and defend market participants against overzealous state regulators,&rdquo; Selig said.&nbsp;<\/p>\n<p>The CFTC and prediction markets are increasingly facing pressure from lawmakers to separate themselves from gambling, with Sens. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/adam-schiff\/\">Adam Schiff<\/a> (D-CA) and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/john-curtis\/\">John Curtis<\/a> (R-UT) introducing <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.schiff.senate.gov\/news\/press-releases\/news-sens-schiff-curtis-introduce-bipartisan-legislation-to-ban-sports-prediction-market-contracts\/\">bipartisan legislation<\/a> that would bar the CFTC from approving contracts that resemble sports betting or casino-style gambling.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nevada court upholds Kalshi ban on sports bets<\/p>\n","protected":false},"author":4130,"featured_media":2587797,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/04\/AP25308712465340.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[77287,41649,5592,77288,5270],"class_list":["post-2587796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-kalshi","tag-legalnews","tag-nevada","tag-predictionmarkets","tag-regulation"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/04\/AP25308712465340.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2587796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/4130"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2587796"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2587796\/revisions"}],"predecessor-version":[{"id":2587804,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2587796\/revisions\/2587804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2587797"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2587796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2587796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2587796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}