Trending Now - Kalshi Temporarily Suspended From Nevada Operations by Court
WHO:
District Court Judge Jason D. Woodbury
Ian McGinley, Partner at Sidley Austin and former Director of Enforcement at the Commodity Futures Trading Commission
Kalshi Inc., a prediction market company
A state judge in Nevada
Nevada state regulators
WHAT:
A temporary restraining order was signed by Judge Woodbury blocking Kalshi event contracts for sports, election, and entertainment for as long as two weeks.
The order was provided by the Nevada Gaming Control Board.
The ruling is described as intensifying a growing regulatory battle over prediction markets.
This ban is part of a broader escalation in legal challenges facing Kalshi regarding its operations.
Kalshi Inc. was temporarily barred from offering its prediction market contracts in Nevada.
The judge ordered Kalshi to immediately halt sports and election contracts in the state.
WHERE:
Nevada, United States
WHEN:
The temporary restraining order was signed on March 20th, 2026.
The ruling occurred on March 20th, 2026.
WHY:
The ban was due to Kalshi not having a gaming license as required by state regulations.
HOW:
The decision to issue the restraining order followed a request from state regulators.
The decision was made by a judge following a request from state regulators.
(UPDATED March 20, 2026 23:07 UTC)
A temporary restraining order was signed by District Court Judge Jason D. Woodbury on March 20, 2026, blocking Kalshi event contracts related to sports, elections, and entertainment for up to two weeks. This order came at the request of the Nevada Gaming Control Board and was supported by Ian McGinley, a partner at Sidley Austin and former Director of Enforcement at the Commodity Futures Trading Commission. The decision reflects ongoing regulatory scrutiny in the gaming industry.
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(UPDATED March 20, 2026 21:07 UTC)
A recent ruling has intensified the ongoing regulatory battle over prediction markets, particularly affecting Kalshi. This ban is part of a broader escalation in the legal challenges the company is facing regarding its operations. As the situation develops, the implications for prediction markets and their regulation continue to unfold.
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(UPDATED March 20, 2026 19:19 UTC)
Today, a Nevada state judge has temporarily barred Kalshi Inc., a prediction market company, from offering its sports and election contracts in the state. The ruling, which came down today, was prompted by the company's lack of a required gaming license, following a request from state regulators. As a result, Kalshi must immediately halt all related activities in Nevada.