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- The Nevada Supreme Court denied Kalshi’s motion for an emergency stay
- Kalshi will be required to block certain event contracts from the state during the course of a lawsuit
- The Nevada Gaming Control Board has also requested the First Judicial Court for the State of Nevada to hold Kalshi in contempt of court
A final effort from Kalshi to maintain its sports event contracts in Nevada has been denied by the state’s highest court.
The Nevada Supreme Court on Wednesday denied Kalshi’s emergency motion for a stay pending appeal. The prediction market operator will be required to implement geofencing technology to prohibit certain event contracts in Nevada throughout the course of the state’s lawsuit against the company.
Daniel Wallach, a gaming law attorney, Founder of Wallach Legal and UNHLaw Sports Wagering, was the first to report the Nevada Supreme Court motion denial.
Kalshi Facing Contempt Request as Well
According to the Nevada Supreme Court, Judges Linda Marie Bell, Ron D. Parraguirre, and Kristina Pickering considered the following four factors in determining Kalshi’s emergency motion for a stay:
- Whether the object of the appeal will be defeated if the stay is not granted
- Whether the appellant will suffer irreparable or serious injury if the stay is denied
- Whether the respondent will suffer irreparable or serious injury if the stay is granted
- Whether appellant is likely to prevail on the merits of the appeal
“Having considered the parties’ arguments in light of these factors, we are not persuaded that the factors militate in favor of a stay. Accordingly, the motion is denied,” the judges wrote in their ruling.
According to Wallach, Kalshi now also faces a full-day evidentiary hearing on Thursday, July 16, to determine if it should be held in contempt for violating an order to geofence the state from a majority of its event contract offerings.
The Nevada Gaming Control Board requested on June 12 the First Judicial District Court for the State of Nevada hold Kalshi in contempt of court due to its alleged geofencing failure.
According to the filing, on eight separate occasions across four days from May 28, 30, 31, and June 1, 2026, board investigators successfully purchased prohibited event contracts on Kalshi’s platform while physically located in Nevada.
The First Judicial District Court of the State of Nevada in and for Carson City on Friday, March 20, granted the Nevada Gaming Control Board’s request for a temporary restraining order against Kalshi. The court made an oral ruling on April 3, 2026, requiring geolocation and geofencing for the state.
A Year Long Fight in Nevada
Legal action between the company and Nevada has been ongoing now for more than a year.
KalshiEX LLC filed its lawsuit against the NGCB for a cease-and-desist notice sent to the company regarding their sports event prediction markets on March 30, 2025.
The Nevada Gaming Control Board levied a cease-and-desist notice against Kalshi in early March, ordering the company to stop offering its sports event contract markets in the state by March 14, 2025. Kalshi did not acquiesce to the notice.
Kalshi argues that Congress previously gave the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction to regulate futures trading on approved exchanges. As the CFTC has allowed Kalshi to launch its sports event contract markets, state law cannot “intrude on the comprehensive federal scheme for regulating designated exchanges.”