Kalshi has been temporarily banned in Nevada, marking the latest escalation in the widening regulatory war over prediction markets. The First Judicial District Court of Nevada has issued a 14-day restraining order, effective immediately, barring the company from “offering a derivatives exchange and prediction market which offers event-based contracts relating to sports, election, and entertainment related events” without first obtaining gaming licenses.
This may be the first time the company is forced to cease operation in a US state. Massachusetts previously obtained a similar temporary injunction, but Kalshi was able to continue operating there while it appealed the case. Kalshi declined to comment.
This particular legal battle
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