Kalshi Banned From Operating in Nevada for Now by Judge (1)

Kalshi Inc. was temporarily barred by a judge from offering its prediction market contracts in Nevada, after state regulators said the company didn’t have a gaming license.

District Court Judge Jason D. Woodbury in Carson City signed a temporary restraining order Friday blocking Kalshi event contracts for sports, election and entertainment for as long as two weeks, according to a copy of the order provided by the Nevada Gaming Control Board. The judge set a hearing in the case for April 3.

“Kalshi has repeatedly stated that its operations are legal in 50 states, which is clearly not true,” Mike ...