{"id":24201,"date":"2026-03-22T10:41:28","date_gmt":"2026-03-22T10:41:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/kalshi-faces-14-day-shutdown-in-nevada-over-gambling-laws\/"},"modified":"2026-03-22T10:41:35","modified_gmt":"2026-03-22T10:41:35","slug":"kalshi-faces-14-day-shutdown-in-nevada-over-gambling-laws","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/kalshi-faces-14-day-shutdown-in-nevada-over-gambling-laws\/","title":{"rendered":"Kalshi faces 14-day shutdown in Nevada over gambling laws"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Kalshi, a prediction market company, has faced a temporary setback in Nevada. A state judge issued a temporary restraining order, blocking the company from operating for 14 days. The decision follows concerns that Kalshi\u2019s event contracts might violate Nevada\u2019s gambling laws.<\/p>\n<div id=\"cn-block-summary-block_5c3f814df4152b3031a811f2c73c7722\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Kalshi faces a 14-day ban in Nevada after violating the state\u2019s gambling regulations.<\/li>\n<li>Nevada regulators claim Kalshi\u2019s event contracts are unlicensed gambling under state law.<\/li>\n<li>Kalshi fights back in multiple states, including Arizona and Massachusetts, over illegal gambling accusations.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On Friday, Carson City District Court Judge Jason Woodbury granted a temporary restraining order, siding with the Nevada Gaming Control Board\u2019s motion to block Kalshi. This comes after the company offered event contracts related to sports, elections, and entertainment, which Nevada regulators view as a form of unlicensed gambling.\u00a0<\/p>\n<p>The court ruling states that Kalshi is prohibited from offering such contracts in Nevada, as these are considered \u201csports pools\u201d under state law. Kalshi, however, has not responded to the ruling.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Nevada Gaming Control Board Chair Mike Dreitzer emphasized the state\u2019s responsibility to protect the public, asserting that prediction markets like Kalshi could facilitate illegal gambling.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cPrediction markets, to the extent they facilitate unlicensed gambling, are illegal in Nevada,\u201d Dreitzer said in a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/nevada-judge-temporarily-blocks-kalshi-operating-prediction-market-state-2026-03-20\/\" target=\"_blank\" rel=\"nofollow\">statement<\/a> to Reuters.<\/p>\n<\/blockquote>\n<h1 class=\"wp-block-heading\"><strong>Kalshi\u2019s defense and federal preemption<\/strong><\/h1>\n<p>Kalshi had argued that its contracts fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC), not Nevada\u2019s gaming regulations. The company has fought similar accusations in other states, asserting that its activities are federally regulated.\u00a0<\/p>\n<p>However, Judge Woodbury <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/WALLACHLEGAL\/status\/2035028820659450121\">rejected<\/a> Kalshi\u2019s defense, stating that the legal authority currently favors Nevada\u2019s stance. The court\u2019s decision sets a precedent for ongoing legal battles regarding prediction markets and their regulation across state lines.<\/p>\n<p>Moreover, Kalshi is currently engaged in multiple legal disputes with state regulators. This includes a case in Massachusetts, where a state judge banned the company from offering sports event contracts, though this ban was later lifted on appeal.\u00a0<\/p>\n<p>Additionally, Arizona has filed criminal charges against Kalshi, accusing the company of running an illegal gambling operation. Kalshi CEO Tarek Mansour has labeled these charges as \u201ctotal overstep.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kalshi, a prediction market company, has faced a temporary setback in Nevada. A state judge issued a temporary restraining order, blocking the company from operating for 14 days. The decision&hellip;<\/p>\n","protected":false},"author":1,"featured_media":19414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=24201"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24201\/revisions"}],"predecessor-version":[{"id":24202,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24201\/revisions\/24202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/19414"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}