Nevada Judge Bans Kalshi from Offering Event Contracts in the State

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Investing.com – A Nevada judge issued a temporary restraining order on Friday, prohibiting prediction market operator Kalshi from offering event contracts to residents of the state without a license.

District Court Judge Jason Woodbury approved the order at the request of the Nevada Gaming Control Board. The ruling bans Kalshi from allowing Nevada residents to place financial bets on sports, elections, and entertainment-related events on its platform.

The temporary restraining order will remain in effect as long as Kalshi operates in the state without the required license from Nevada gaming authorities.

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