Kalshi Faces Setback as Nevada Judge Reverses Ruling

A long-running legal fight between prediction market operator Kalshi and Nevada gaming officials took a dramatic turn this week after a federal judge reversed an earlier ruling that had shielded the company from state enforcement. The decision vacates a preliminary injunction granted in April and significantly complicates Kalshi’s efforts to continue offering sports-related event contracts […]

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Nevada Federal Ruling Deals Major Blow to Kalshi’s Sports Event Markets

Posted on: November 26, 2025, 05:54h.  Last updated on: November 26, 2025, 05:54h. Nevada judge rules Kalshi’s sports-event contracts are unlicensed gambling products. Decision weakens federal preemption arguments prediction markets use against states. Sportsbook stocks, including DraftKings, rise as rivals to face stricter scrutiny. A federal judge in Las Vegas has ruled, in effect, that […]

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