Amidst legal turmoil, Kalshi is temporarily banned in Nevada

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March 20, 2026, 7:15 PM

• •Nevada judge temporarily bans Kalshi.
• •Kalshi is accused of operating an unlicensed gambling business.
• •The CFTC and state regulators have different views.

Kalshi, an online prediction market, faces legal challenges as a Nevada judge has temporarily banned its operations due to the company's failure to acquire the necessary gaming licenses. The Nevada Gaming Control Board sued Kalshi in February, citing unlicensed betting and potential underage users. Judge Jason D. Woodbury's order, based on Kalshi's commission-based 'percentage game,' granted the state's request for a temporary restraining order. This case is part of a broader trend of state regulators targeting prediction markets, contrasting with the CFTC's more lenient stance.

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